For Sale
$999,000

117 Osborn StBrooklyn, NY 11212

Prime 2,500 SF lot, development potential.

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional 2,500 square foot commercial and residential land parcel, located at 117 Osborn Street in Brooklyn, NY 11212 (APN: 03524 0008), presents a unique investment opportunity. Zoned R7A/C2-4/MIH, this property offers significant development potential. The asking price is $999,000. The lot is situated in Kings County and benefits from its location within an Opportunity Zone and Qualified Census Tract (QCT). This site allows for the transfer of air rights from an adjacent church, significantly enhancing development possibilities. The church, while not included in this listing, offers additional potential for a combined development project. The property's location provides access to various amenities and transportation options. The approved retail space with a basement kitchen in the adjacent church further enhances the potential for mixed-use development. This block-through property offers a rare chance to create a substantial project. The potential for conversion and prime development opportunities makes this a highly attractive investment. Serious inquiries are encouraged.

Highlights

  • Land available for separate purchase with church air rights.
  • Opportunity Zone and Qualified Census Tract (QCT) designation.
  • Excellent condition church building with elevator.
  • Approved basement retail space with kitchen.
  • Prime adaptive reuse opportunity.
  • Potential for block-through development.

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.66963537636
Longitude
-73.908803353149
117 Osborn St, Brooklyn, New York

FAQs

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117 Osborn St
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