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

ATTACHMENTS

5018-4Th-Ave

PROPERTY FACTS

Price $10,454,500 CAD
Price Per SF $533.39 CAD
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront Retail/Office
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Building Class C
Lot Size 0.15 AC
Rentable Building Area 19,600 SF
No. Stories 4
Year Built 1931
Parking Ratio 0.26/1,000 SF
Clear Ceiling Height 18’
No. Dock-High Doors/Loading 1

AMENITIES

  • Fenced Lot
  • Metro/Subway
  • Yard

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (93)
Bike Score®
Very Bikeable (74)

PROPERTY TAXES

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))
  • Listing ID: 35205137

  • Date on Market: 2025-03-20

  • Last Updated:

  • Address: 5018 4th Ave, Brooklyn, NY 11220