645 4th Ave

Our team has been retained on an exclusive basis to facilitate the sale of 645 4th Avenue, a rare and flexible commercial building with significant development potential located along Brooklyn’s thriving 4th Avenue corridor. The existing structure spans approximately 2,560 square feet with ~13’ ceilings and is situated on a 2,654 square foot lot zoned R8A / C2-4 / EC-1 which is ideal for a wide range of future uses. As-of-right zoning allows for a total of 15,977 buildable square feet, with the potential to increase to 19,109 BSF via the UAP bonus. With a 2.0 commercial FAR and up to 5,308 SF of potential retail, the site offers excellent metrics for a 485X mixed-use development along an active corridor. The surrounding area has seen a wave of new development with condominiums selling for ~$1,300/SF and residential rentals averaging north of $70/SF providing a strong market foundation for either strategy. Alternatively, the existing structure offers value for an owner-user seeking a centrally located retail space, medical building (up to 17k+ BSF for community facility), or showroom with its curb cut and street visibility.