Closed 02/07/2020

Park Slope Development Portfolio

75 Fourth Avenue

Park Slope

Closed 02/07/2020 at
$13,200,000 | $354 per SF

Total Lot SF 6,188
Existing ZFA 40,222
Proposed Zoning - C4-4D Gross ZFA 52,599
Combined Building SF 18,016
Cross Streets Bergen St/St. Marks Place
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Development 75 Fourth Avenue, Park Slope
Ofer Cohen
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TerraCRG has been retained to exclusively represent ownership in the sale of a development site at 75 Fourth Avenue in Park Slope, Brooklyn. The asset is one of the last opportunities to acquire a development site along Fourth Avenue before the proposed Gowanus Rezoning.

Currently zoned C2-4/R8A, the four lots between 69 and 75 Fourth Avenue equate to a combined 6,188 lot SF with up to 40,222 ZFA as of right. The proposed Gowanus Rezoning framework calls for a change to C44D modified district, allowing for ~52,599 ZFA and an 8.5 FAR with MIH. The property will be delivered vacant and is ideal for a condo development or high-end mixed-use project with a strong retail play on the ground floor featuring 79 ft of frontage on Fourth Avenue.

Recent condo sellouts in Park Slope are averaging $1,450/ SF. Just a few blocks away, the six-billion-dollar Pacific Park project will consist of 17 high-rise buildings for residential, mixed-use and office space spread over 22-acres when completed. Additional nearby developments include 461 Dean, 300 Ashland, The Addison, The Baltic, The Brooklyn Grove, and more.


Surrounded by a plethora of retail activity on Fifth Avenue and Atlantic Avenue, the area is anchored by the world-renowned Barclays Center, home of the Brooklyn Nets, and the largest mass transit hub in Brooklyn at Atlantic Terminal servicing the N, Q, R, B, D, 2, 3, 4 and 5 trains as well as the Long Island Rail Road.

Barclays Center
Atlantic Terminal
Pacific Park

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