528 President Street, Brooklyn, New York 11215

$5,999,990
5,063
SqFt

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List Price
$5,999,990
Status
ACTIVE
Days on Market
34
MLS#
503612
Year Built
1931
Living Area
5,063
Lot Size
5,063
MLS Area Major
Carroll Gardens

Property Description

Exceptional Development & Investment Opportunity in Prime Gowanus/Park Slope! A rare chance to acquire two adjacent properties in one of Brooklyn's most sought-after and rapidly growing neighborhoods. 524 President Street offers an approximately 30' x 20' lot, while 528 President Street sits on an approximately 30' x 150' lot and includes an approximately 5,063 sq. ft. building. Zoned M1-4/R6B, this unique offering presents outstanding potential for development, long-term investment, owner occupancy, or a mixed-use project (subject to applicable approvals). Surrounded by exciting new developments and ongoing neighborhood revitalization, the property is ideally located near shopping, dining, public transportation, major highways, and provides convenient access to Manhattan. Situated within a Qualified Opportunity Zone (buyers should consult their tax advisor), this is an exceptional opportunity for developers, investors, and end users seeking significant upside in a premier Brooklyn location. Don't miss the opportunity to secure a prime asset in one of Brooklyn's fastest-evolving neighborhoods. (Buyers are advised to consult their own architect or engineer regarding any proposed additions, alterations, or redevelopment of the property.)

Additional Information

Taxes
$23,637
Financing
1031 Exchange, Bank Mortgage, Cash
Zoning
M1-4/R6B
Flooring
Concrete
Heating
Gas
Exterior Features
Brick
Stories
1
Roof
Other
Foundation
Poured Concrete

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Calculator source: Real Geeks

Courtesy Of RE/MAX Elite