Developer Plans Conversion Project At Four-Story Building At 5018 Fourth Avenue, Sunset Park

5018 Fourth AvenuePresent-day 5018 Fourth Avenue, image via Google Maps

The four-story, 24,000 square-foot commercial building at 5018-5024 4th Avenue, in Sunset Park, has been purchased by developer Congregation Imrei Yehudah for more than $7.5 million. According to the Brooklyn Daily Eagle, the new owner plans to convert the vacant building into residential units or office space. The 6,400 square-foot lot also contains 2,880 square feet of air rights, which could go towards expanding the building. It’s conveniently located three blocks north of the 53rd Street stop on the R train.

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