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    3021 Avenue V Brooklyn, NY 11229

    For Sale
    $13,450,000

    Mixed-use development site with existing retail and future potential.

    Property size:
    12,500 SF
    Lot size:
    0.46 Acres

    Property Features for 3021 Avenue V

    General Information

    Size
    12,500 SF
    Lot size
    0.46 Acres

    Source: Meridian Capital Group Agent Thomas Donovan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Development Site For Sale

    This mixed-use development site features 400 feet of linear frontage across three streets. The property has been recently rezoned to R7D / C2-4, which allows for a maximum buildable area of 112,000 square feet. Currently, there is a cash-flowing single-story retail building on the premises, comprising 12 units. Most tenants have short-term leases with various termination options. The property is ideal for a 1031 exchange buyer seeking future development potential. Proposed plans outline a 110,865 square foot, 9-story mixed-use apartment building, including 109 residential units, 8 retail units, and 109 parking spaces. The site is in close proximity to major retail stores along Nostrand Avenue, Avenue U, and Gerritsen Avenue. Additionally, it offers access to outdoor activities at nearby Marine Park and Gateway National Recreation Area. The property size is 12,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Avenue V Discount ... Liquor Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    State
    New York
    Longitude
    -73.937289
    Latitude
    40.599017

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use development site with existing retail and future potential.
    Where is this mixed-use property located?
    The property is located at 3021 Avenue V Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $13,450,000.
    What are key features of this property?
    This property features: - Rezoned to R7D / C2-4, allowing for a maximum of 112,000 Buildable Sq. Ft.; - Mixed-Use development site with 400’ of linear frontage on three streets; - Proposed plans for a 110,865 Sq. Ft., 9-story, mixed-use apartment building with 109 residential units, 8 retail units, and 109 parking spaces
    (646) 502-3481
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    3021 Avenue V Brooklyn, NY 11229
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    Brooklyn, NY 11229
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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
    3021 Avenue V Brooklyn, NY 11229
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