121 Macdougal St - Alteration Project With Approved Plans
0.06 Acres of Commercial Land Offered at $975,000 in Brooklyn, NY 11233
INVESTMENT HIGHLIGHTS
- Development opportunity with a lot size of 2,500 SF, located in Bedford-Stuyvesant
- Property will be delivered with approved architectural plans for a vertical alteration for a 4-story residential building consisting of 7 units.
- The unit breakdown includes 1 studio, 4 one-bedroom units, and 2 two-bedroom duplexes.
- Zoned R6B, offering 5,000 buildable square feet, suitable for residential development.
- Plans are available upon request.
- Property is located near Ralph Ave [A,C] Subway Station.
EXECUTIVE SUMMARY
Asset CRG Advisors has been authorized to sell 121 Mac Dougal St, Brooklyn, NY 11233. Property is a development opportunity located at Bedford-Stuyvesant neighborhood of Brooklyn. This property can be delivered with approved architectural plans for a 4-story residential building comprising 7 units: 1 studio, 4 one-bedroom apartments, and 2 two-bedroom duplexes. Situated in a residential area with growing demand for modern housing, this property is ready for redevelopment and presents a compelling opportunity for investors and developers.
PROPERTY FACTS
| Price | $975,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.06 AC |
1 LOT AVAILABLE
Lot
| Price | $975,000 |
| Price Per AC | $16,988,430.44 |
| Lot Size | 0.06 AC |
121 Macdougal St, Brooklyn, NY 11233 is a 2,500 SF lot zoned R6B with 5,000 buildable SF, making it suitable for residential development.
DESCRIPTION
121 MacDougal Street offers a development opportunity in the vibrant Bedford-Stuyvesant neighborhood of Brooklyn and will be delivered with approved architectural plans for a vertical alteration for a 4-story residential building consisting of 7 units: 1 studio, 4 one-bedroom apartments, and 2 two-bedroom duplexes. Conveniently located near the Ralph Avenue [A, C] Subway Station, this property offers excellent connectivity to Manhattan and surrounding areas. Its location and approved plans make it an exceptional investment in a growing and highly desirable community.
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Walk Score®
Very Walkable (79)
Transit Score®
Rider's Paradise (100)
ZONING
| Zoning Code | R6B (a medium-density residential zoning district that aims to maintain the character of a neighborhood.) |
