Executive Summary
350 77th Street offers a small-scale commercial investment and development opportunity in Bay Ridge, Brooklyn. The property is a three-family, frame, walk-up building on a 3,827 SF lot with a detached garage and driveway, between Third and Fourth Avenues and close to the R train at 77th Street. Ownership intends to deliver the building vacant at closing, giving an investor or owner-user a clean slate rather than a portfolio of legacy leases.
The existing building totals approximately 2,716–2,717 SF against a theoretical maximum residential FAR of 1.0, or roughly 3,827 SF of as-of-right floor area under R4A — leaving about 1,110 SF of theoretical remaining buildable area, subject to zoning, Bay Ridge Special District controls, bulk, height, yard rules, and building code.
The commercial story here is flexibility: reposition the existing multifamily asset, pursue an owner-user strategy where legally permitted, or explore modest expansion or longer-term redevelopment. A buyer isn't locked into one plan — the site can be underwritten as an income property, an owner-occupied business base with residential income, or a small-scale development site.
Highlights
Stories: 2
Roof Height: approx. 35'
Building Material: Frame
Garage: Detached frame garage, approx. 192 SF
Zoning & Development Potential
Zoning District: R4A
Residential FAR: approximately 1.0 for detached/semi-detached forms.
Contextual height and bulk controls intended to preserve neighborhood character.
Yard and lot coverage requirements that govern front, side, and rear yard depths and maximum building footprint.
Special District Bay Ridge (BR)
The Bay Ridge Special District overlays the base R4A zoning and introduces additional controls aimed at protecting the character of Bay Ridge and managing transitions between residential streets and commercial corridors. While specific provisions require detailed zoning review, the overlay generally affects bulk, streetscape, and sometimes use/mix of uses.
Vacant delivery at closing
Currently occupied three-family building to be delivered vacant at sale, enabling immediate repositioning or owner-user occupancy without buyouts or lease renegotiations.
Freestanding three-family asset
Approx. 2,716 SF, two-story frame building classified by DOF as C0 – Three Families, on a regular 3,827 SF lot with detached garage and parking potential.
Theoretical remaining FAR
Max buildable area of ~3,827 SF and current built area of ~2,717 SF, approximately 1,110 SF of theoretical remaining buildable area, subject to zoning, Bay Ridge Special District, and code constraints.
Owner-user and mixed-use potential (subject to approvals)
The adjacent property at 352 77th Street is identified in public sources as mixed-use/store-and-residential, signaling market appetite for small owner-user and hybrid configurations in this micro-location.
Transit and corridor proximity
Approximately 0.05 miles to the R train at 4th Avenue & 77th Street, near the established Third Avenue commercial corridor, supporting both residential rent demand and professional/owner-user visibility.
Multiple exit strategies
Income stabilization, owner-user occupation, value-add repositioning, and small-scale development/expansion are all viable frameworks, subject to zoning, CO, and approvals.
Owner-User Opportunity
Beyond pure investment buyers, 350 77th Street can appeal to owner-users and hybrid users who value long-term control of a small building, on-site parking/storage, and residential income.
Potential owner-users include: Professional office users (legal, accounting, insurance, consulting), Medical or wellness practitioners, Design and architectural studios, Creative and professional services firms seeking a live/work or office plus-residential configuration, Contractors and tradespeople needing combined residence and storage/garage space, Owner-occupied businesses seeking an on-site office or studio plus residential income.
Map
Location
Located in the Bay Ridge Neighborhood of Brooklyn between Third Avenue & Fourth Avenue, near the 77th Street Subway Station.
Nearest Transit: R train at the 77th Street Station and the B4, B8, B9, B70, and X27/X37 bus lines. 77th Street Station
Nearby Tenants Include: Starbucks, TD Bank, Chase Bank, Rite Aid, Walgreens, Key Food, Bagel Boy, Panera Bread, Dunkin', CVS Pharmacy, and more!
Interested in this property?
Get in touch with our team.