Prime 4th Avenue Development Site with over 26,000 BSF
269-271 4th Avenue
Closed 03/31/2015 at
Long Island Rail Road
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TerraCRG has been retained to exclusively represent ownership in the sale of the development site located at 271 4th Avenue in the Park Slope neighborhood of Brooklyn. The site is zoned R8A/C2-4/EC with a 6.02 FAR allowing for a total buildable of 26,205 SF. The adjacent corner property is also available with this offering providing a rare opportunity to acquire the entire corner of 4th avenue and Garfield Street and build an additional 37,249 for a total buildable of 63,454.
Located on the prime Park Slope 4th Avenue corridor between Garfield Place and 1st Street, 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 property has an irregular footprint of 50.75 ft x 132.79 ft over two lots totaling 4,353 SF. There is an existing 3,964 SF industrial building on the property that will be delivered vacant.
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.
Park Slope is a neighborhood in the western section of Brooklyn, New York City’s most populous borough. The neighborhood 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.