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Type:
Multifamily
Sq Ft:
2,633
Units:
Property Description
IPRG is pleased to present 491 Court Street (Block: 474, Lot: 4), located between Huntington Street and Nelson Street in Carroll Gardens, Brooklyn.
The three-story brick property has approved plans for redevelopment and will be delivered vacant. The existing structure is built 19.5 ft x 45 ft, totaling approximately 2,633 square feet across three floors and has a full cellar. It sits on a 19.5 ft x 80 ft lot and with R6A/C2-4 zoning, which allows for up to 4,680 buildable square feet as-of-right, or 2,047 square feet of additional air rights. The current Certificate of Occupancy is for 3 Apartments.
The current DOB approved plans include a ground floor duplex with backyard access and a triplex, which would include the addition of a full 4th floor and a partial 5th floor penthouse. The total envelope of the property would be 3,791 square feet. Additional FAR can also be used for horizontal enlargement and/or the ground floor can also be converted to commercial use.
The interior of the property has been demoed to the wood joists and studs. All the brick walls have been repointed from the basement to the third floor. The non-landmarked property is also not located in a flood zone.
491 Court Street represents a compelling value-add or re-development opportunity in a highly desirable location in Brooklyn.
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Block & Lot:
00474-0004
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Neighborhood:
Carroll Gardens
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Cross Streets:
Nelson St & Huntington St
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Building Dimensions:
19.5 ft x 45 ft
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Lot Dimensions:
19.5 ft x 80 ft
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Units:
3
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Total Approx. SF:
2,633
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Zoning:
R6A, C2-4
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FAR:
3.0
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Tax Class:
1 / $7,234
