Closed 05/10/2013

Prime 4th Avenue Corner Development Site -60,200 BSF

275 4th Avenue

Park Slope

Closed 05/10/2013 at

Buildable SF 60,200
Zoning R8A/C2-4/EC
Lot Size 100 ft x 100 ft
Cross Streets 1st St & 4th Ave - Corner
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Development 275 4th Avenue, Park Slope
Ofer Cohen
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Block_Lot 964_1
Building Size 60 ft x 31 ft
Building Class K5
Existing SF 1,860
FAR 6.02


TerraCRG has been retained to exclusively represent ownership in the sale of the ground lease of the corner development site located at 275 Fourth Avenue in the Park Slope neighborhood of Brooklyn.

The 100 ft x 100 ft corner site is zoned R8A/C2-4/EC with a 6.02 FAR allowing for a total buildable of approximately 60,200 SF and is located on the prime Park Slope Fourth Avenue corridor on the corner of Fourth Avenue and First Street.

The property is just down the block from one of Brooklyn’s most popular retail corridors 5th Avenue, which is lined with some of the boroughs best restaurants, boutique stores and cafes. Prospect Park is just a short distance and the immediate area also features new developments of scale including the Barclays Center and the soon to come Whole Foods Supermarket, which will be opening only three blocks away on Third Street and Third Avenue.

Residential Rents for new construction elevator buildings in Park Slope are fetching over $60/SF and the lack of condo inventory in Park Slope created a surge in condo pricing over the last few months with recent pricing above the $1,000/SF mark.

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,N,R,B,Q,2,3,4,5 Trains plus the LIRR, making the commute in and out of Manhattan only 15 minutes.


Park Slope is a neighborhood in the western section of Brooklyn, New York City’s most populous borough. Park Slope is characterized by its iconic brownstones, human scale, and popular retail corridors on Seventh and Fifth Avenues. It boasts Michelin-starred restaurants, a lively bar and nightlife scene and boutique stores. 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.

Prospect Park
Brooklyn Botanical Garden
The Brooklyn Museum
Whole Foods Supermarket
Barclays Center

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