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    108 5Th Ave Brooklyn, NY 11217

    Pending
    For Sale
    $3,900,000

    Unimproved Land - Brooklyn, NY

    Type:Unimproved Land
    Lot size:
    0.05 Acres
    Days on Market:
    199
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 108 5Th Ave

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Pending
    Zoning
    Commercial
    APN
    00937-0046
    Lot size
    0.05 Acres

    Building Details

    Architectural style
    Other

    Royalux Realty LLC (718) 666-6066 [email protected]

    Listing agent Sau Lam Chan (718) 666-6066 License #10401215601

    Listing date May 22, 2025

    MLS# L3561549 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Brooklyn Commercial Land For Sale

    This commercial land for sale in downtown Brooklyn presents an excellent opportunity for builders. The vacant lot has dimensions of 25x93.33 and is zoned R6A, C1-4, offering 2333 sq. ft. of space, which equals approximately 0.05 acres. It has the potential to accommodate a structure of 7000 sqft above ground along with a 2333 sqft basement. Its prime location close to the Barclays Center further adds to its appeal for potential development. The property is located in Brooklyn, NY, with the postal code 11217, and is situated in Kings County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.978509
    Latitude
    40.679783

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    FAQs

    What type of property is this?
    Commercial land - Vacant lot near Barclays Center with development potential.
    Where is this commercial land located?
    The property is located at 108 5Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Prime downtown Brooklyn location near Barclays Center; - Zoned R6A, C1-4, offering versatile development options; - Potential to build a 7000 sqft above-ground structure
    (718) 666-6066
    Request Owner's contact information
    108 5Th Ave Brooklyn, NY 11217
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    Brooklyn, NY 11217
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 5Th Ave Brooklyn, NY 11217
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