Massey Knakal Realty Services has been retained to sell a residential development site at 635 4th Avenue in Brooklyn’s Greenwood Heights neighborhood.
The asking price is $24,500,000.
The subject property is an 89,500 buildable square foot development site with 200 feet of frontage. It will be delivered with DOB approved plans for 91 residential units, 6,300 s/f of retail and 1,400 s/fof community facility space.
Approximately 18 residential units are allocated to affordable housing by the Inclusionary Housing Program, which qualifies the future development for a fixed tax abatement. Michael Amirkhanian is marketing the property with Aaron Warkov.