Asset CRG has successfully brokered the sale of 1414 Sheepshead Bay Road, Brooklyn, NY 11235, presenting a prime development opportunity in the heart of Sheepshead Bay. The property, encompassing an 18,350-square-foot lot, is zoned C2-4/R6, permitting a buildable area of approximately 62,387 square feet. The property sold for $7,000,000, equating to about $112.20 per buildable square foot. With its substantial buildable square footage and strategic location, the property presents significant potential for future development, aligning with the neighborhood's trajectory toward modernization and growth.
1414 Sheepshead Bay Road is ideally located near subway stations, retail shops, and popular destinations such as Brighton Beach and Coney Island. This prime location, coupled with the flexible zoning, makes it an excellent opportunity for a mixed-use development project, such as office spaces or multi-family condominiums. The local real estate market reflects strong demand for housing. Sheepshead Bay, located in Brooklyn, has experienced significant growth and development in recent years. Known for its waterfront views and diverse community, the neighborhood offers a blend of residential tranquility and urban convenience. The area boasts a variety of dining options, retail stores, and recreational facilities, contributing to its attractiveness to potential residents and investors.
