487 Ocean PkwyBrooklyn, NY 11218

For Sale
$3,200,000

Prime Brooklyn lot, approved plans

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 4,500 square foot lot, located at 487 Ocean Parkway in Brooklyn, New York (Kings County, zip code 11218, APN 05390-0060), presents a unique opportunity for residential development. Zoned R7A and OP, the property boasts approved plans for an eight-story building encompassing approximately 18,000 square feet. The approved plans include 17 residential units, highlighted by a substantial penthouse. This shovel-ready site is ideally situated between Ditmas Avenue and Cortelyou Road, offering convenient access to public transportation—a mere four blocks from the F train on McDonald Avenue—and major roadways, including the Prospect Expressway at Church Avenue. The location also benefits from proximity to houses of worship, schools, shopping, and other essential amenities. The asking price for this prime development opportunity is $3,200,000. The lot dimensions are 30 feet by 150 feet. The property is owned by an LLC.

Highlights

  • $3,200,000 asking price for a 4,500 sq ft residential land lot.
  • Approved plans for an 8-story, 18,000 sq ft residential building with 17 apartments and a penthouse.
  • R7A and OP zoning.
  • Located at 487 Ocean Parkway, Brooklyn, NY 11218 (Kings County).
  • LLC ownership.

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.636558944775
Longitude
-73.97253431275
487 Ocean Pkwy, Brooklyn, New York

FAQs

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487 Ocean Pkwy
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