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702 44Th St Brooklyn, NY 11220

For Sale
$9,950,000

54-Unit Apartment Building, $9.95M

Property size:
52,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
362
Exceptional redevelopment opportunity in Sunset Park, Brooklyn. This 6-story, 52,000 square foot building sits on a 12,020 square foot lot at the southeast corner of 7th Avenue and 44th Street. Previously housing 54 residential units totaling 46,997 net square feet, the property is vacant following a 2019 fire. While the as-of-right buildable square footage (BSF) is 38,565 square feet, the existing structure allows for redevelopment of the entire 52,000 square feet. The location offers unparalleled convenience, with the 36th Street N/R train station and the 9th Avenue D train station both within a half-mile radius, providing easy access to Manhattan in under 30 minutes. The property enjoys a highly desirable location directly across from Sunset Park and across the street from P.S. 169, and just one block from the vibrant retail corridor on 8th Avenue. Prior condo sales in the building exceeded $900 per square foot. This presents a unique chance to capitalize on a prime location and substantial existing square footage for a lucrative development project. Asking price is $9,950,000.

Property Features for 702 44Th St

General Information

Property type
Multifamily properties
Square Feet
52,000 SF

Building Details

Stories
6
Units
54

HighLights

  • 6‑story, 52,000 SF residential redevelopment opportunity at 7th Avenue & 44th Street.
  • Conveniently located near the 36th Street N/R and 9th Avenue D subway lines, offering quick access to Manhattan.
  • As‑of‑right buildable square footage (BSF) of 38,565 SF, with potential to redevelop the existing 52,000 SF structure.
  • Prime Sunset Park location, across from Sunset Park and P.S. 169, one block from 8th Avenue's retail corridor.
  • Previously a 54‑unit residential building (46,997 net SF) with prior condo sales exceeding $900/SF; vacant since a 2019 fire.
Property Profile Location Intelligence

Current Use by Public Records

Greta Gertler Piano Instructor

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-74.0023314
Latitude
40.6454613

FAQs

What type of property is this?
Multifamily property - 54-Unit Apartment Building, $9.95M
Where is this multifamily property located?
The property is located at 702 44Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: 6-story, 52,000 SF residential redevelopment opportunity at 7th Avenue & 44th Street.; Conveniently located near the 36th Street N/R and 9th Avenue D subway lines, offering quick access to Manhattan.; As-of-right buildable square footage (BSF) of 38,565 SF, with potential to redevelop the existing 52,000 SF structure.
More about this property
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