For Sale
$3,500,000

2743-2751 15Th St Brooklyn, NY 11224

Prime Brooklyn location, 9,505 SF, M1-2 zoning.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional mixed-use property, encompassing two contiguous tax lots totaling 9,505 square feet, presents a remarkable investment opportunity in the rapidly evolving Coney Island neighborhood of Brooklyn, New York. Situated at 2743-2751 West 15th Street, zip code 11224, this land parcel is zoned M1-2 (Co) and AE, offering unparalleled versatility for development. The property benefits from a 4.80 floor area ratio (FAR), unlocking the potential for up to 45,624 buildable square feet for a mixed-use project or community facility. Alternatively, a 2.00 FAR allows for the construction of a 19,010 square foot commercial asset or a mixed-use development, ideally suited to complement the influx of new luxury waterfront apartments. This location is experiencing unprecedented growth, with projections of nearly 3,700 new residential units anticipated between 2021 and 2025. The property's strategic location provides excellent connectivity via the D, F, N, and Q subway lines at the Coney Island-Stillwell Avenue station and the Belt Parkway, ensuring easy access for residents and businesses. This rare opportunity allows for the creation of much-needed community facility space to serve the burgeoning population of the area. The asking price for this exceptional property is $3,500,000.

Highlights

  • Two contiguous tax lots totaling 9,505 SF, zoned M1-2 (Co) and AE.
  • Located in Coney Island, Brooklyn, NY (11224), experiencing rapid growth with ~3,700 new residential units projected (2021-2025).
  • 4.80 FAR allows for up to 45,624 buildable square feet (ZFA) for mixed-use or community facility development.
  • Alternatively, a 2.00 FAR permits a 19,010 SF commercial or mixed-use building.
  • Excellent access via D, F, N, and Q subway lines at Coney Island-Stillwell Avenue and the Belt Parkway.
  • Rare opportunity to develop much-needed community facilities to serve the area's growing population.

Property Details for 2743-2751 15Th St

Property type
Mixed-use properties, Land
Square Feet
9,505 SF

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.5807208
Longitude
-73.9829226

FAQs

What type of property is this?
Mixed-use property - Prime Brooklyn location, 9,505 SF, M1-2 zoning.
Where is the mixed-use property located?
The property is located at 2743-2751 15Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two contiguous tax lots totaling 9,505 SF, zoned M1-2 (Co) and AE.; Located in Coney Island, Brooklyn, NY (11224), experiencing rapid growth with ~3,700 new residential units projected (2021-2025).; 4.80 FAR allows for up to 45,624 buildable square feet (ZFA) for mixed-use or community facility development.
How can I contact the broker?
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2743-2751 15Th St
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