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55 4th Ave
Park Slope, Brooklyn | Bergen Street & Dean Street
11 Rooms6 Beds2 Baths3,140 Square FeetMixed Use
$2,750,000
$2,750,000
Updated 10 years ago
Off Market

55 4th Ave

Park Slope, Brooklyn | Bergen Street & Dean Street

11 Rooms6 Beds2 Baths3,140 Square FeetMixed Use

$2,750,000
floors / apts3 / 2
Lot Size20'x58'6"
Built Size20'x55'
ZoneR8A
Building TypeLow-Rise
RE Taxes$5,000
Price Per SF
$876

Building Amenities

  • Voice Intercom

Property Description for 55 4th Ave

A 7,020 SF development site in the Park Slope section of Brooklyn. The site situated on a 20 x 58.5 lot zoned C2-4/R8A allows for both residential and commercial development with a FAR of 6. Centrally located on 4th Avenue with close proximity to public transportation, roads, shopping, the Barclays Center and minutes to Manhattan. Suitable development uses include but are not limited to commercial buildings with a mix of retail and professional space, mixed-use buildings encompassing ground floor retail and residential units above or a residential condo building. Cost of development is projected at $250 PSF or $1,755,000. The total cost of acquisition and development is projected at $4,505,000 allowing for a capitalization rate of return of 5.9 in year one after development.

Listing History for 55 4th Ave

Now
04/09/2016
POM by Joseph T. Hamdan
MYNY Residential
2016
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Building Details for 55 4th Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Atlantic Av-Barclays Ctr
0.08 miles
Bergen St
0.25 miles
Lafayette Av
0.37 miles
Fulton St
0.37 miles
Nevins St
0.4 miles

Railroad

Atlantic TerminalLong Island Rail Road
0.2 miles

Citi Bike

Bergen St & 4 Ave
0.03 miles
St Marks Pl & 4 Ave
0.07 miles

Contact Agents

Contact Agents

Joseph T. Hamdan
MYNY Residential
Juan Martes
MYNY Residential

Park Slope | Brooklyn

Quick Profile

Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.

Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?). 

Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church. 

Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway). 

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Featured on the Linecity Blog

The MEDIAN

Manhattan | November 2022

According to New York City records, the median price for an apartment in Manhattan for the month of November 2022 was $1,125,000.  The price represents an increase of 7.1% from the median price of $1,050,000 recorded in November 2021. The number of apartment sales dropped dramatically from 1109 to 855 reflecting a year-over-year decrease o...

posted on December 30, 2022
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 24070TH
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