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Listing Courtesy of Compass
$ 4,000,000
Est. payment /mo
Pending
4802 6th Avenue Brooklyn, NY 11220
3 Beds
4 Baths
12,424 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 12,424 sqft
Price per Sqft $321
Subdivision Sunset Park
MLS Listing ID RLS20035055
Bedrooms 3
Full Baths 4
HOA Y/N Yes
Year Built 1905
Annual Tax Amount $38,364
Property Sub-Type Triplex
Property Description
Welcome to 4802 6th Avenue, a beautiful Neo-Gothic church and ancillary manse on a prime corner in the Central Sunset Park Historic District. This opportunity has multiple avenues wherein a knowledgeable investor could utilize the unique site characteristics to achieve above-market returns by any or all of the following methods:
1. Since it is in a historic district, as well as a QCT, by converting the interior to 18,000 residential SF (23,400 with UAP) you would qualify for Historic Tax Credits (additional information on page 12) resulting in the reimbursement of up to 50% of your renovation/development costs;
2. The City of Yes changes for historic district Air Right Transfers (additional information on page 10) allow you to sell your air rights to 61 (!) different lots on or around this block;
3. The property is located in an Opportunity Zone (OZ) allowing for the deferment of current and future capital gains taxes.
These unique characteristics would also work well for an end-user, such as a church, school, club, or non-profit.
Feel free to reach out to to discuss these possibilities, to arrange a showing, or to make an offer.
1. Since it is in a historic district, as well as a QCT, by converting the interior to 18,000 residential SF (23,400 with UAP) you would qualify for Historic Tax Credits (additional information on page 12) resulting in the reimbursement of up to 50% of your renovation/development costs;
2. The City of Yes changes for historic district Air Right Transfers (additional information on page 10) allow you to sell your air rights to 61 (!) different lots on or around this block;
3. The property is located in an Opportunity Zone (OZ) allowing for the deferment of current and future capital gains taxes.
These unique characteristics would also work well for an end-user, such as a church, school, club, or non-profit.
Feel free to reach out to to discuss these possibilities, to arrange a showing, or to make an offer.
Location
State NY
County Kings
Rooms
Basement Partial
Interior
Interior Features Chandelier
Flooring Concrete
Furnishings Furnished
Fireplace No
Laundry See Remarks
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N Yes
View City
Private Pool No
Building
Lot Description Corner Lot
Dwelling Type Townhouse,Triplex
Story 1
New Construction No
Others
Ownership None
Monthly Total Fees $3, 197
Pets Allowed Building No, No
RLS Data display by Elegran