420 Albee Sq, Brooklyn, NY 11201

4.27 acres
Off Market
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GREAT INVESTMENT OPPORTUNITY!! Last Piece of Raw Virgin Land in Excellent Area of Brooklyn
LAND undeveloped in the Downtown Brooklyn Redevelopment District. 185,964 223,157 build-able sq/ft. Bonus: 37,193 sq/ft for IHP This is the LAST parcel of virgin land. Create your Signature in the Sky. Zoned: Mixed commercial & residential C6-4.5 FAR 12-14.4 with additional air rights Tower building forms NO HEIGHT limit. Non-Tower 250 ft. ht. limit. BONUS-Adjacent to a New City Park with 700 underground parking spaces. Similar property sold for over $60mil. With Eyes you can see Without vision you are blind. Located in the heart of Downtown Brooklyn, the economic center of Americas 4th largest city. It s strong and diverse commercial &? retail market is complemented by a cultural and educational center of 7 academic institutions. Direct access to a vibrant public environment served by an enhanced transit network with easy access to Manhattan and the surrounding boroughs. Demographics: (1 mile) Average HH income $103,844 Population of 134,224 Over 32,000 students in attendance with limited dormitories. Grants available. Price: $38,950,000 Lot Size: 185,964 SF Price/SF: $209.45 Lot Type: Commercial/ Other (land) Price: $38,950,000 Lot Size: 185,964 SF Property Type: Land Property Sub-type: Commercial/ Other (land) Features: Electricity/Power Irrigation Water Telephone Cable Gas/Propane
There is currently a lease to operate a parking lot with an immediate income for buyer & will be bought out by seller to vacate....investor can have immediate income while in the design process and seller will buyout tenant before construction or the seller can buyout for tenant to vacate ASAP at closing...investors/developers choice
Lots rolled up into this sale includes: 43, 46, & 47...air rights from lots 41 & 42...Lot 43 is 3 lots: 43, 44, 45
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  • Zillow Home ID: 2117737024
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Neighborhood for 420 Albee Sq

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Zillow predicts Downtown home values will rise 1.4% next year, compared to a 1.8% rise for New York as a whole.

Foreclosures will be a factor impacting home values in the next several years. In Downtown, the number of foreclosures waiting to be sold is 50% lower than in New York, and 98.5% less than the national average. This lower local number could help Downtown home values rise more quickly than other regions in New York.

Learn more about forecast calculations or Downtown home values.
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