Updated 5 years ago
Off Market
423 Tompkins Ave
Bedford Stuyvesant, Brooklyn | Hancock Street & Halsey Street
1 Bed4 Baths3,000 Square FeetMixed Use
$1,450,000
floors / apts3 / 3
Lot Size20'x100'
Built Size20'x50'
ZoneR6A
Building TypeLow-Rise
RE Taxes$4,410
Price Per SF
$483
Property Description for 423 Tompkins Ave
423 Tompkins Ave is a large 20 x 50 three (3) unit building R6A zoned with a C2-4 commercial overlay located between Hancock and Halsey Streets. Currently built 3,000 SF this building is in need of a complete gut renovation providing an opportunity to utilize the favorable zoning which should allow for development up to 6,000 SF +/- (please consult with an architect). The location is prime for a multifamily, mixed used or a condo project as Tompkins Ave has become the corridor for major development – just between Halsey and Hancock Streets alone there are projects at 410, 420 and 435 Tompkins Ave. Proximity to some of Bed Stuy’s best restaurants, amenities as well as transportation with the C train a few blocks away on the Fulton Ave.
Listing History for 423 Tompkins Ave
Now
03/25/2021
TOM by Joseph Dima
Corcoran
02/09/2021
$1,450,000
Initial Price by Joseph Dima
Corcoran
Building Details for 423 Tompkins Ave
OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/3
Transit and Citi Bike
Subway
Kingston-Throop Avs
0.26 miles
Nostrand Av
0.39 miles
Railroad
Nostrand AvenueLong Island Rail Road
0.4 miles
Citi Bike
Halsey St & Tompkins Ave
0.05 miles
MacDonough St & Marcy Ave
0.2 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
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: 80571TH
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