One of the most wonderfully scenic and yet still affordable areas in Brooklyn is Fort Hamilton, on the south end of Bay Ridge. December 10th of 2016 we blogged about Bay Ridge and it’s many assets as a top Brooklyn neighborhood including majestic views of The Verranzano Bridge and The New York Harbor.
Slowly but steadily this gem of a neighborhood is catching the attention of developers.
One project planned is located at 401 95th Street, where a convent once stood. Planned is a 7 story building with 22 residential apartments and ground floor retail. The property was purchased in 2009 for $3M from Saint Patrick Roman Catholic Church of Fort Hamilton.
A second project is located at 9701 Third Avenue. This property was purchased in 2015 for $2.8M. The purchaser of record, Adam Friedman had also purchased the air rights from the adjacent property owner for $500,000. Additional air rights from this purchase will enable the 9701 Third Avenue project to build a building with more square footage. Planned is a 6 story building with 20 residential units and 3,217 square feet of commercial space.
If you are planning to sell your Brooklyn, Manhattan or Queens property, whether it is a residential property, a commercial building, mixed use, multi family, vacant land, coop or condominium or a development opportunity, call us. You will be very happy that you did.
Accord Real Estate Group