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    568B Grand Ave Brooklyn, NY 11238

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    For Sale
    $22,500,000

    86,045 SF mixed-use development site in Prospect Heights.

    Property size:
    86,045 SF
    Lot size:
    0.38 Acres

    Property Features for 568B Grand Ave

    General Information

    Size
    86,045 SF
    Lot size
    0.38 Acres

    Source: Ariel Property Advisors Agent Sean R. Kelly

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

    Overview

    Prospect Heights Mixed-Use Development Site

    This is an 86,045 square foot mixed-use development site situated in Prospect Heights. The location benefits from 195 feet of frontage on Grand Avenue. It is located within blocks of the Barclays Center Hub and is part of the Atlantic Avenue Mixed-Use Plan, an area slated for rezoning that anticipates the development of 4,600 new homes in the immediate vicinity. Area rentals are achieving rates exceeding $80 per square foot. Transportation options include access to the A and C lines, located 0.4 miles away, and the B and Q lines, which are 0.7 miles from the property.
    Location Intelligence

    Current Use by Public Records

    All In One Auto ... Auto Repair Shop State Of New York ... Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -73.962082
    Latitude
    40.678792

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    FAQs

    What type of property is this?
    Mixed-use property - 86,045 SF mixed-use development site in Prospect Heights.
    Where is this mixed-use property located?
    The property is located at 568B Grand Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $22,500,000.
    What are key features of this property?
    This property features: - 86,045 BSF mixed-use development site.; - Located in the Atlantic Avenue Mixed-Use Plan, a rezoning area.; - Rental rates in the area are exceeding $80/sf.
    (212) 544-9500
    Request Owner's contact information
    568B Grand Ave Brooklyn, NY 11238
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    Brooklyn, NY 11238
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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
    568B Grand Ave Brooklyn, NY 11238
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