Premier Development Opportunity situated at the pivotal intersection of Atlantic and 3rd Avenue, 46 3rd Avenue represents a flagship development opportunity within one of Brooklyn’s most resilient and high-growth corridors. Comprising a total lot area of 3,400 SF, this site offers a versatile canvas for residential, mixed-use, or flagship retail programming. Beyond standard development, the offering provides a unique bifurcated asset strategy:
The Townhouse Conversion: An existing structure on the primary lot allows for a high-end rehabilitation into a 2,280 SF luxury single-family residence.
The Ground-Up Component: The two contiguous lots offer a combined7,920 SF of buildable area, ideal for a boutique condominium project. This multi-pronged approach allows for diversified exit strategies and maximum yield optimization in a prime Brooklyn submarket.