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    1705 Saint Johns Pl Brooklyn, NY 11223

    Sponsored
    For Sale
    $1,099,999

    Prime location, strong income potential.

    Property size:
    3,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional three-story mixed-use property in Brooklyn, NY, presents a compelling investment opportunity. Located at 1705 Saint Johns Pl, this 3,500 square foot building boasts a 1,300 square foot commercial storefront on the ground level and two spacious residential units (2,200 sq ft total) above, offering multiple income streams. The 1,532 square foot lot (20 ft frontage, 55 ft depth) features a freestanding masonry structure built in 1920, retaining classic Brooklyn architectural charm. Zoned R6, this property allows for various residential and mixed-use possibilities, and its Tax Class 1 designation offers lower tax obligations. Its prime corner location near Ralph Avenue and Howard Avenue ensures high foot traffic and excellent visibility. Conveniently situated in the rapidly growing Ocean Hill/Bedford-Stuyvesant neighborhood, it benefits from proximity to A, C, J, Z, and L subway lines, multiple bus routes, and local businesses, parks, and shopping centers. The property is zoned for NYC Geographic District #17, with P.S. 191 nearby. Importantly, it has no landmark restrictions, is not in a flood zone, and presents no zoning conflicts. An application is currently being submitted with the New York State Attorney General’s Charities Bureau. This property is ideal for non-profit organizations, investors, business owners, and homeowners seeking a lucrative and strategically located asset.

    Property Features for 1705 Saint Johns Pl

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,500 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9203
    Latitude
    40.67023

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, strong income potential.
    Where is this mixed-use property located?
    The property is located at 1705 Saint Johns Pl Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,099,999.
    (800) 558-0475
    Request Owner's contact information
    1705 Saint Johns Pl Brooklyn, NY 11223
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    Brooklyn, NY 11223
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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
    1705 Saint Johns Pl Brooklyn, NY 11223
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