$12,000,000
Updated 10 years ago
Off Market

362-364 Ovington Ave

Bay Ridge, Brooklyn | 3rd Ave & 4th Ave

41,725 Square FeetDevelopment Site

$12,000,000
ZoneR6
Building TypeDevelopment Site
Price Per SF
$288

Building Amenities

  • Elevator

Property Description for 362-364 Ovington Ave

This 41,725 SF site is currently occupied by a church, a two-story school building and a house that is used as a parsonage. This is a unique opportunity to own a prime corner on highly visible Fourth Avenue. The zoning is R6 (FAR 1.65) and R7-1 (FAR 2.75) respectively. The combined total buildable square footage is 88,327. All zoning, buildable footages and uses must be independently verified.

Listing History for 362-364 Ovington Ave

Now
04/05/2016
POM by Stephen Palmese
Cushman & Wakefield
01/06/2016
TOM by Stephen Palmese
Cushman & Wakefield

Building Details for 362-364 Ovington Ave

OwnershipDevelopment Site
Building TypeDevelopment Site
Learn More About the Building

Transit and Citi Bike

Subway

Bay Ridge Av
0.11 miles
77 St
0.27 miles

Citi Bike

4 Ave & 72 St
0.05 miles
Ovington Ave & 3 Ave
0.13 miles

Contact Agent

Contact Agent

Stephen Palmese
Cushman & Wakefield

Bay Ridge | Brooklyn

Lush front yards and trimmed hedges are pretty common in Bay Ridge.

Quick Profile

Bay Ridge is an old-world neighborhood neatly tucked into the southwest corner of Brooklyn within the shadows of the Verrazano Bridge. The neighborhood is encircled by the Belt Parkway along the shore line and the Gowanus Expressway inland.

Bay Ridge, long known for its generational pull, has historically been home to a diverse number of ethnic groups. While the area is flush with people of Irish, Italian and Greek descent, these ethnic communities have been joined by larger numbers of new groups, including people with Russian, Polish, Asian and Middle Eastern backgrounds. The Arab American community today in Bay Ridge represents the largest concentration of Arab Americans in New York City.

For many years, Bay Ridge and its waterside location, would attract the affluent. But most of the mansions that once lined Shore Road are long gone and have been replaced by six-story apartment buildings.  

Aside from the low-rise apartment buildings, the neighborhood pretty much consists of one and two-family homes. Lush front yards and trimmed hedges are pretty common here.  

Current zoning and limitations on building heights restrict any out of the norm development. At present, the future beholds small development on some of the commercial strips and teardowns of older homes for smaller residential projects.

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: 34602TH