Closed 03/27/2016

Fourth Avenue Corner Building with over 37,000 BSF

265 4th Avenue

Park Slope

Closed 03/27/2016 at
$3,650,000

Residential Units 14
Gross SF 13,007
Stories 3
Cross Streets Corner of 4th Avenue & Garfield Place
Buildable SF 37,249
Zoning C2-4/R8A
Subways
b
d
m
q
r
2
3
4
5
Other Transportation
Long Island Rail Road
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Multifamily 265 4th Avenue, Park Slope
Fourth Avenue Corner Building with over 37,000 BSF
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Details

Block-Lot 964-8
Lot Size 49.25 ft x 100 ft
Building Size 49.25 ft x 90 ft
Building Class C7
FAR 6.02
Air Rights 24,242

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily building located at 265 4th Avenue in the Park Slope neighborhood of Brooklyn.

Occupying a prime corner location at the intersection of Park Slope’s 4th Avenue corridor and Garfield Place, the property neighbors several new construction rental and condominium buildings. The immediate area also features new developments of scale including the Barclays Arena and the soon to come Whole Foods supermarket, which will be opening only 3 blocks away on 3rd Street and 3rd Avenue.

The 14 unit building is comprised of seven free market, one stabilized and four rent control units. The property currently produces a gross income of approximately $296,000.

The property is only three blocks from the R Union Street subway station which is only one stop from the Atlantic Terminal/Barclays Center with access to the D,M,N,R,B,Q,2,3,4,5 Trains plus the LIRR, making the commute in and out of Manhattan only 15 minutes.

Attractions

Park Slope is a neighborhood that has come to epitomize the 21st century reinvigoration of Brooklyn. In 2011, New York Magazine ranked Park Slope as the No. 1 “Most Livable Neighborhood in New York” surpassing every other neighborhood in the city for retail amenities, restaurants and nightlife, schools, safety and green space. Park slope is bounded by Prospect Park to the west, Fourth Avenue to the east, Flatbush Avenue to the north and 16th Street to the south.

Prospect Park
Grand Army Plaza
Prospect park Zoo
Brooklyn Botanical Garden
Barclays Center
Brooklyn Academy of Music (BAM)

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