For Sale
$29,000,000

224 Clarkson Ave Brooklyn, NY 11226

30,000 SF Residential Lot, R7-1 Zoning

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 30,000 square foot residential development site is located at 224 Clarkson Avenue in the Prospect-Lefferts Gardens section of Brooklyn, New York, (APN: 05066-0023). The property, measuring 150 x 200 feet, is zoned R7-1, offering a significant buildable area. With a Floor Area Ratio (FAR) of 3.44 (4.8 with Community Facility), the potential buildable square footage is 150,000 square feet. Currently improved with a 24,000 square foot warehouse and parking area, the site presents a unique opportunity for redevelopment. The existing tenant is on a month-to-month lease and can be delivered vacant. The property's 2022-2023 tax assessor's market value was $1,003,000, with a current annual tax bill of $48,050.72. The current tenant generates $253,000 in annual rent. This prime Brooklyn location offers substantial upside potential for a savvy investor seeking a high-value development project. The asking price for this exceptional opportunity is $29,000,000.

Highlights

  • $29,000,000 asking price.
  • 30,000 square foot residential land parcel.
  • R7-1 zoning.
  • Located at 224 Clarkson Ave, Brooklyn, NY 11226 (APN: 05066-0023).
  • For sale by owner.

Property Details for 224 Clarkson Ave

Property type
Land

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.654931
Longitude
-73.9520129

FAQs

What type of property is this?
Land - 30,000 SF Residential Lot, R7-1 Zoning
Where is the land located?
The property is located at 224 Clarkson Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $29,000,000.
What are key features of this property?
This property features: $29,000,000 asking price.; 30,000 square foot residential land parcel.; R7-1 zoning.
How can I contact the broker?
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224 Clarkson Ave
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