224 Underhill Ave, Brooklyn, NY 11238
Sadya Liberow and Ilya Mirzakandov of Asset CRG Advisors (‘AssetCRG’) are pleased to announce the sale of 224 Underhill Ave, Brooklyn, NY 11238.
The property was delivered vacant with approved architectural plans in place for a 6-story, 6-unit condo development consisting of approximately 7,500 net sellable square feet. Located in the premier neighborhood of Prospect Heights, the 1,535-square-foot lot is zoned R8X, providing an as-of-right buildable area of approximately 9,241 square feet, which is expandable to 11,052 square feet under UAP.
The property sold for $2,475,000 and closed for approximately $268 per buildable square foot (based on the as-of-right buildable area).
1,535 Sq.Ft. lot