For Sale
$3,000,000

543 Meeker AveBrooklyn, NY 11222

3-Unit Building, Huge Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Williamsburg, Brooklyn investment property at 543 Meeker Avenue presents a rare opportunity for significant returns. The 8,600 square foot building currently houses three residential units and a 1,200 square foot, four-car garage, situated on a desirable 3,050 square foot lot (25 feet by 122 feet). The property is zoned R6, offering substantial development potential. Building Residential Floor Area Ratio (FAR) is 3.0, allowing for a considerable expansion. Alternatively, the Community Facility FAR of 4.8 (allowing for 14,640 square feet) presents an exciting avenue for a larger-scale project. This prime location in the vibrant Williamsburg/Greenpoint neighborhood boasts convenient access to the L and G subway lines, ensuring strong tenant demand and easy commuting. The asking price is $3,000,000. Block 2728, Lot 33. This property is ideal for developers seeking to capitalize on the area's high demand for residential units. The wide street provides excellent visibility and accessibility. Don't miss this chance to acquire a high-potential property in one of Brooklyn's most sought-after neighborhoods.

Highlights

  • 3,050 sq ft lot size.
  • 25' x 122' lot, R6 zoning.
  • Block 2728, Lot 33.
  • 3.0 Residential FAR; wide street frontage.
  • 8,600 sq ft building; 4.8 Community Facility FAR (14,640 sq ft potential).
  • Convenient to L & G subway lines.

Property Details for 543 Meeker Ave

Property type
Retail properties, Apartment buildings
Square Feet
8,600 SF
Units
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.7210803
Longitude
-73.943324
543 Meeker Ave, Brooklyn, New York

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543 Meeker Ave
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