10 Bed 4 Bath Apartment For Sale $550,000 n/a sqft
Broker: Calvin Thomas Bold New York
An opportunity for investment in Fort Greene on the corner of Adelphi Street and Park Avenue is available now. 66 Adelphi Street Brooklyn, NY 11
...read moreAn opportunity for investment in Fort Greene on the corner of Adelphi Street and Park Avenue is available now. 66 Adelphi Street Brooklyn, NY 11205
This unique irregular lot is situated a short distance away from Downtown Brooklyn and a stones throw from the revitalizing Brooklyn Navy Yard. The parcel is thirty-one feet wide at the rear and features 15 Feet of frontage on Adelphi after a 13 foot set back from the sidewalk. Over one hundred feet in length along Park Avenue and a myriad of building opportunities await. The block, lined with mainly a mix of 2-3 family homes, is alluring to an end user looking to create a dream townhouse or a savvy developer creating a boutique condo development to turn a handsome profit. Currently zoned for R5-B, the lot area of 2,127 offers a buildable of 2,871SqFt.
The ever expanding commerce of the bustling new Downtown Brooklyn and it's influx of new residents opens up many possibilities for this property. The USS Arizona was built in the Brooklyn Navy Yards which is now at the forefront of the new economy, bringing new jobs and companies to Brooklyn. The first example of this uprising-building 77, which just underwent a $185 Million dollar overhaul to renovate 1 million SqFt on the iconic building nestled on Clermont and Flushing. Beloved Fort Greene Park is also just a few blocks away, near the hottest restaurants such as Olea, METTA, Russ & Daughters and other savory greats. Wegmens just signed a deal to open a market in the Navy Yards a mere five blocks away.
66 Adelphi Street is granted with unique geographical placement, proximity to Downtown Brooklyn, and fierce neighborhood growth. Not to mention the strengthening city infrastructure consisting of the Navy Yard shuttle buses, various NYCT transit buses and arguably the best improvement coming soon, The BQX, making this location even more accessible and convenient. 66 Adelphi has the potential to be a marquee location for many years to come.
