Development Site at 7614 4th Avenue Brooklyn
$6,475,000
7614 4th Avenue, Brooklyn, NY 11209
Property Description
Investment Highlights:
- Vacant Land: Fully cleared vacant lot. No demolition or tenant relocation required
- As-of-Right: Up to 35,000 buildable square feet
- Air Rights: approximately 20,000 additional BSF from the adjacent church property
- City of Yes Benefits: Inner Transit Zone eliminates parking; bonus density available through UAP program
- Direct Transit Access: R train entrance on the block; 35 min to Wall Street, 45 minutes to Midtown
- Established Neighborhood: Strong schools, waterfront parks, and diverse retail corridors support consistent tenant demand
Auction Information:
Opening Bid: $6,475,000
Auction Date: September 16, 2026 at 12:30 PM
(Sale Subject to Bankruptcy Court Approval)
Property Details
Asset Type
Development Site
Neighborhood
Bay Ridge
Submarket
Brooklyn
ZIP
11209
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$368,338
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$30,695
Annual Debt Service
$368,338
View on Map
Address
7614 4th Avenue
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Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale
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