Loft Building for Conversion 5018 4th Ave
19,600 SF Vacant Industrial Building Brooklyn, NY 11220 $10,454,500 CAD ($533.39 CAD/SF)




INVESTMENT HIGHLIGHTS
- Four-Story 19,600 SF Corner Loft Building + 1,500 SF Yard Prime for Conversion to Residential Un
- Delivered Vacant
- Prime for Conversion to Retail and Residential
EXECUTIVE SUMMARY
Four-Story 19,600 SF Corner Loft Building + 1,500 SF Yard for Sale in the Sunset Park Neighborhood of Brooklyn. Prime for Conversion to Residential Units, Retail, Office or School. Delivered Vacant. Zoned Commercial and Residential (FAR 4.0 - Residential, FAR 5.01 - Inclusionary Housing, FAR 2.0 - Commercial, FAR 4.0 - Community Facility). Zoning Permits for a 25,600 SF Building to be Constructed or Keep the Existing Structure in Place and Build an Additional 6,000 SF. The Lot Dimensions of the Property are 80' x 80' with a 60' x 80' (Slightly Irregular) Building Built on It. The Total Building Size is 19,600 SF Broken Down as Follows: 4,900 SF - First Floor, 4,900 SF - Second Floor, 4,900 SF - Third Floor, 4,900 SF - Fourth Floor. Ceiling Heights Range from 13' - 18'. The Building also has 4,900 SF Basement with 8' Ceiling Height. The Property Features One Freight Elevator that Stops on Every Floor Including the Basement, Sprinkler System, Windows on Four Sides on the 3rd and 4th Floors, Windows on Three Sides for 1st & 2nd Floors, One Staircase, One Fire Escape, Gas Heat and Heavy Power. The Building is Located Across the Street from the Newly Constructed Sunset Park Library, Chase Bank, Blink Fitness and Two Blocks from the 53rd St / 4th Avenue "R" Subway Station
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Metro/Subway
- Yard
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
1 of 1
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (93)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
Parcel Number | 00790-0042 | Improvements Assessment | $1,044,971 CAD |
Land Assessment | $72,710 CAD | Total Assessment | $1,117,681 CAD |
ZONING
Zoning Code | R7A/C2-4 (C2-4/R7A Zoning (4.0 - Residential - FAR 5.01 Inclusionary Housing FAR 2.0 - Commercial - Far 4.0 - Community Facility)) |