Three-Story Redevelopment Site At 4302 4th Avenue Purchased, Sunset Park

4302 4th AvenuePresent-day 4302 4th Avenue, photo by Daniel Barry for  New York Times

Earlier this year, the landmarked buildings at 4302 4th Avenue, in northern Sunset Park, were placed on the market as a development site, and now Yosef Streicher has purchased the property for $6 million, according to Commercial Observer. The dilapidating two- and three-story buildings, which amount to nearly 20,000 square feet, need to be gut-renovated, and 14,567 square feet of unused air rights can be used for an expansion. No plans have been disclosed, but changes to the facade would require approval from the LPC.

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