$4,000,000

4802 6Th Avenue , Brooklyn, NY 11220

 
Bedrooms:0 beds
Bathrooms:4 baths
Commercial Sale:12,424 sqft
Lot:0
Year Built:--
Listing Status:Active

Listing Agent

Nathan Horne
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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.

Detailed Items

Other Information

4802 6Th Avenue, Brooklyn, NY, 11220 is a commercial sale listing of 12,424 sqft on a lot of 0. This commercial sale listing has 0 bedrooms, and 4 baths. The map for this location can be viewed on Google maps at Google maps to property4802 6Th Avenue, Brooklyn, NY
Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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