Development Opportunity in Prime
For Sale
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622 Ocean Avenue, Brooklyn, NY 11226
6,250 sq ft lot for medium-density residential development.
Property Size4,218 SF
Lot Size0.14 Acres
Price / SF$1,303
Days on Market808
Property Features for 622 Ocean Avenue
General Information
Standard status
Active
Size
4,218 SF
Lot size
0.14 Acres
Property subtype
Special Purpose
Listing Agency:
Coldwell Banker Commercial Reliable Real Estate Brooklyn
Listed By:
Joinel Sanchez · License #NY
(646) 789-3979
Source:
Crexi
Added: Aug 15, 2024
Changed: Oct 25
Last Checked: Jul 17 at 8:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Reliable Real Estate Brooklyn
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Investment Insights
Based on property information with market context.
This 6,250 sq ft lot, with dimensions of 50 ft by 125 ft, presents a development opportunity in a residential district. Located in the R7A zoning district, the property is designated for medium-density residential development. The R7A zoning promotes the development of residential buildings and community facilities. The property allows for a buildable area of up to 25,000 sq ft under the Quality Housing Program, where the maximum FAR can be increased to 4.0 for residential use if the development meets Quality Housing standards. The ground elevation of 46 ft provides a solid foundation for construction. This property offers potential for a variety of development scenarios, including a residential building with multiple units, a community facility, or a combination of both, catering to modern urban living demand.
Key Highlights
- Large 6,250 sq ft lot (50 ft x 125 ft) in a thriving residential district.
- R7A zoning allows for medium‑density residential development and community facilities.
- Buildable area of up to 25,000 sq ft under the Quality Housing Program (FAR 4.0).**
Property Analytics
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Location Intelligence
Trade Area within ½ mile
5,177
Businesses Nearby
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Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 6,250 sq ft lot for medium-density residential development.
Where is this residential land & home lot located?
The property is located at 622 Ocean Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Large 6,250 sq ft lot (50 ft x 125 ft) in a thriving residential district.; R7A zoning allows for medium‑density residential development and community facilities.; Buildable area of up to 25,000 sq ft under the Quality Housing Program (FAR 4.0).**
