Ariel Property Advisors presents 677 Vanderbilt Avenue, a rare 30’ wide conversion opportunity located in the exceptional area of Prospect Heights, Brooklyn. Situated between Sterling and Park Place, the property is steps way from Grand Army Plaza and Prospect Park. Boasting approximately 8,952 square feet, this vacant property has been gutted to the studs and requires a complete renovation. 677 Vanderbilt Avenue is an outstanding opportunity for both developers looking to capitalize on Brooklyn’s surging residential market and owner/users searching for conversion to a single or multifamily residence. R7A zoning provides approximately 3,048 square feet of air rights (as-of-right), but building them would require approval from the Landmark’s Preservation Commission because the property is located in the Prospect Heights Historic District. Located in one of Brooklyn’s most desirable locations, 677 Vanderbilt Avenue enjoys convenient access to numerous shops and restaurants along Vanderbilt, Flatbush and Washington Avenues, and is a short walk from the Brooklyn Museum, the Brooklyn Library and the Brooklyn Botanical Gardens. With the 2,3 B and Q all located only a block away, transportation is abundant. As vacant residential buildings of this size, width and prime location are incredibly rare, 677 Vanderbilt Avenue represents an outstanding residential conversion opportunity. Please contact our office to receive a complete marketing package and to arrange tours of the property.
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