Current Use by Public Records
- Land
Property Details for 244A 7Th St
- Property type
- Land
Description
This exceptional 42,101 square foot development site presents a unique investment opportunity in the thriving Gowanus/Park Slope neighborhood of Brooklyn, New York. Located at the southwest corner of 4th Avenue and 7th Street, this prime corner lot boasts approximately 120 feet of frontage along both streets, offering excellent visibility and accessibility. The property is zoned C4-4D, permitting residential development. The lot size ranges from 1,558 to 1,999 square feet, providing ample space for a substantial project. The area's robust rental market commands approximately $85 per square foot, while recent condo sales have exceeded $1,600 per square foot, indicating significant potential for strong returns. Conveniently situated just two blocks from the 4th Avenue-9th Street F, G, and R subway lines, as well as the B61 bus route, this location offers unparalleled access to all five boroughs. Surrounded by a vibrant mix of restaurants, cafes, parks, and entertainment venues, this site is perfectly positioned to capitalize on the neighborhood's continued growth and transformation. The asking price for this remarkable development opportunity is $11,950,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9878
- Latitude
- 40.6715
