559 4th Avenue, Brooklyn, NY 11215
Local realty services provided by:CENTURY 21 Awaye Realty
559 4th Avenue,Brooklyn, NY 11215
$2,995,000
- 13 Beds
- 7 Baths
- 1,800 sq. ft.
- Multi-family
- Pending
Listed by: erica nieves
Office: corcoran group
MLS#:RLS20091449
Source:NY_REBNY
Price summary
- Price:$2,995,000
- Price per sq. ft.:$1,663.89
About this home
559 4th Avenue a/k/a 133-135 16th Street presents a rare mixed-use investment and development opportunity in the heart of the rapidly transforming Park Slope/Gowanus corridor. Situated on a prominent northeast corner lot, this income-producing property combines strong existing infrastructure with significant future upside through additional buildable square footage. The property sits on a 20 ft x 90 ft lot with a current built area of approximately 5,346 square feet and building dimensions of 20 ft x 90 ft. Zoned R8A / C2-4 within the Enhanced Commercial District - 1 (EC-1), the site offers substantial development potential
Maximum buildable area of approximately 10,836 square feet, leaving additional buildable area available.
Zoning & Development Highlights:
Residential FAR: 6.02 Facility FAR: 6.5
Current FAR: 2.97
Max Buildable Area: 10,836 SF
Current Built Area: 5,765 SF
Property Features:
Four residential rental apartments
One basement studio unit
Finished basement with kitchenette
Two vacant commercial storefronts
Two-car garage with electric garage door
Most residential units to be delivered vacant
Regular-shaped corner lot with northeast exposure
Ground elevation: 54 ft
This versatile mixed-use asset offers exceptional flexibility for investors, developers, end-users, or 1031 exchange buyers seeking immediate income with long-term redevelopment potential. The combination of vacant commercial space, residential units, garage parking, and unused FAR creates multiple value-add strategies ranging from luxury rentals and condominium conversion to mixed-use redevelopment or owner-occupancy.
Perfectly positioned along bustling 4th Avenue with close proximity to transportation, retail corridors, dining, and the ongoing growth surrounding Gowanus and South Brooklyn, this is an opportunity to acquire a strategically located property with both stable fundamentals and meaningful future upside....
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Home facts
- Year built:1931
- Subdivision & Development:Park Slope
- Listing ID #:RLS20091449
- Added:120 day(s) ago
- Updated:September 13, 2026 at 08:06 AM
Rooms and interior
- Bedrooms:13
- Total bathrooms:7
- Full bathrooms:7
- Rooms Total:30
- Living area:1,800 sq. ft.
Structure and exterior
- Year built:1931
- Building area:1,800 sq. ft.
- Levels:3 Story
Finances and disclosures
- Price:$2,995,000
- Price per sq. ft.:$1,663.89
- Tax amount:$19,176
Parking
- Garage:Yes
- Garage spaces:2
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