• Broker Brian Sarath 7182151500

Greenpoint Development/Conversion Opportunity 441 Meeker Ave 3 Unit Apartment Building $2,784,222 CAD ($928,074 CAD/Unit) Brooklyn, NY 11222

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INVESTMENT HIGHLIGHTS

  • Centered in a thriving Greenpoint Neighborhhood experiencing explosive growth
  • Site benefits from "City of Yes" & the new "485-x tax abatement"
  • Nearby Public Transportation Options

EXECUTIVE SUMMARY

Prime Greenpoint Conversion or Redevelopment Opportunity. Site to be delivered vacant, providing an Investor/Developer/User a blank slate to take either gut renovate the existing structure or take advantage of the New "485-x Tax Abatement" and the "City of Yes" programs to develop into high-end condo's, rental units or a single-family home.
7,500 Buildable SF for As of Right Developments
9,500 Buildable SF funder UAP - 80% Market Rate/20% Affordable Housing Units

ATTACHMENTS

441 Meeker Ave - Offering Memorandum

PROPERTY FACTS

Price $2,784,222 CAD
Price Per Unit $928,074 CAD
Sale Type Investment
Sale Conditions
Deferred Maintenance
  • High Vacancy Property
  • Redevelopment Project
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.06 AC
Building Size 2,310 SF
Average Occupancy 0%
No. Stories 3
Year Built 1920

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 - -
2+1 2 - -

LINKS

Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (90)
Bike Score®
Very Bikeable (88)

ZONING

Zoning Code R6A/M1-2 (MX-8 SD) (As of Right Residential- 3.0 FAR- 7,500 SF Buildable (Condo/Market Rate Rental) UAP- 3.9 FAR- 9,750 SF Buildable (80% Market/20% Affordable))

MAP

ADDITIONAL PHOTOS

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