Experience unparalleled potential in the heart of Brooklyn with this strategically located property. Presenting a prime opportunity for discerning investors and visionary developers, this parcel boasts a remarkable 10,000 sqft of buildable square footage. Currently, a robust 2-story structure with a basement graces the lot, offering a foundation that teems with endless possibilities. For those looking to maximize their investment immediately, architectural plans for a 6-floor mixed-use building housing 8 residential units and 2 commercial spaces are available. The lot size 3,367 ensures versatility, allowing for both residential and commercial developmental endeavors. Set on the esteemed Bay Parkway, benefit from significant foot traffic, immediate proximity to transportation hubs, and a bustling neighborhood filled with shops, restaurants, and parks. This is Brooklyn at its best: a harmonious blend of modern convenience and timeless tradition. Whether you envision following the current architectural plan, crafting luxurious residences, or creating a prime commercial hotspot, 7508 Bay Parkway awaits as your next real estate masterpiece. Contact our team for an exclusive viewing and further discussion on the myriad of opportunities.
Sold for $1,900,000 on 04/29/24
$1,900,000
7508 Bay Pkwy, Brooklyn, NY 11214
--beds
2,800sqft
MultiFamily
Built in 1920
-- sqft lot
$-- Zestimate®
$679/sqft
$2,612 Estimated rent