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777 Hicks St - Red Hook Development Opportunity 0.06 Acres of Commercial Land Offered at $1,094,830 CAD in Brooklyn, NY 11231
Investment Highlights
- Development-ready parcel with R5 zoning and C1-2 commercial overlay.
- Convenient access to major transportation routes including the Brooklyn-Queens Expressway and Hugh L. Carey Tunnel.
- Situated near vibrant retail corridors and cultural destinations attracting continual foot traffic.
Executive Summary
Property Facts
| Price | $1,094,830 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.06 AC |
| No. Lots | 1 | Cross Streets | W 9th St & Mill St |
| Property Type | Land | ||
| Zoning | R5, C1-2 - low-density residential district allowing diverse housing (detached, semi-detached, or small multi-family) with a 1.25 FAR, typically producing 3-4 story buildings. C1-2 is a commercial overlay mapped within R5, allowing local retail/services | ||
| Price | $1,094,830 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.06 AC |
| Cross Streets | W 9th St & Mill St |
| Zoning | R5, C1-2 - low-density residential district allowing diverse housing (detached, semi-detached, or small multi-family) with a 1.25 FAR, typically producing 3-4 story buildings. C1-2 is a commercial overlay mapped within R5, allowing local retail/services |
1 Lot Available
Lot
| Price | $1,094,830 CAD | Lot Size | 0.06 AC |
| Price Per AC | $19,076,355.78 CAD |
| Price | $1,094,830 CAD |
| Price Per AC | $19,076,355.78 CAD |
| Lot Size | 0.06 AC |
Description
Positioned in Brooklyn’s Red Hook neighborhood, 777 Hicks Street presents a development-ready parcel in a submarket known for its unique waterfront character and growing residential-employment synergy. Encompassing a 25-by-100-foot lot with approximately 2,500 square feet, the property offers the flexibility to create a four-story mixed-use building under its R5 zoning with a C1-2 commercial overlay. This zoning combination supports low-density residential paired with ground-floor retail or service components, allowing for creative, neighborhood-compatible design opportunities. Located at the crossroads of Hicks Street and West 9th Street, the site benefits from ease of access to the Brooklyn-Queens Expressway, the Hugh L. Carey Tunnel, and major routes into Manhattan. The Red Hook district continues to attract investors and developers with its evolving landscape of adaptive reuse, new residential projects, and established cultural and culinary destinations, enhancing long-term value propositions for future owners.
Property Taxes
| Parcel Number | 00539-0004 | Improvements Assessment | $0 CAD |
| Land Assessment | $471,482 CAD | Total Assessment | $471,482 CAD |
Property Taxes
Presented by
1st Premier Realty Network INC
777 Hicks St - Red Hook Development Opportunity
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