Property Description for 1420 45th Street
B6 Real Estate Advisors is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of 1420-1422 45th Street, an extensive residential/community facility development opportunity located in the flourishing Borough Park neighborhood of Brooklyn.
The subject property is a residential development site on a 60’ x 100’ lot. The as of right zoning of R6 allows for up to 13,200 BSF of residential use and 28,800 BSF of community facility use
The site is currently occupied by a vacant 3,040 SF two-story mixed-use building consisting of one residential unit above a school.
The property is located just one block from Borough Park’s main retail corridor on 13th Avenue. This sought-after commercial corridor is home to locally owned and operated businesses, along with national tenants such as TD Bank, Capital One, Bank of America, Carter’s and Rite Aid.
Investment Highlights
•Prime Borough Park development site with 13,200 BSF (Residential) and 28,800 BSF (Facility)
•60’ of frontage along 45th Street
•Desirable residential neighborhood with strong fundamentals
•Located just one block from the 13th
Avenue retail corridor