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    186-188 Remsen St Brooklyn, NY 11201

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    For Sale
    Contact for pricing

    Development site with approved plans for a 14-story luxury hotel.

    Lot size:
    0.11 Acres

    Property Features for 186-188 Remsen St

    General Information

    Lot size
    0.11 Acres

    Source: JLL | New York City Agent Guthrie Garvin

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

    Overview

    Premier Brooklyn Heights Development Site

    Located in Brooklyn Heights, the property is a development site with a 5,000 square foot footprint and the ability to build up to 60,000 ZFA. The site has approved plans by the Department of Buildings to construct a 14-story luxury hotel. The site is situated on the south side of Remsen Street between Clinton and Court Streets, offering connectivity with Borough Hall station (2, 3), less than a minute away, Court Street (R), and Jay Street-MetroTech (A, C, F) within a 3-minute walk, and additional Borough Hall entrances (4, 5) nearby. Atlantic Ave-Barclays Center is one stop away, connecting to numerous lines. The Brooklyn Bridge is also easily accessible, offering a swift, under-10-minute route to Manhattan. Brooklyn Heights offers an abundance of dining and retail options. The seller is willing to explore a JV relationship if the buyer is interested in pursuing a luxury development with a globally recognized hospitality operator.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm 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
    -73.991344
    Latitude
    40.692995

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    FAQs

    What type of property is this?
    Land - Development site with approved plans for a 14-story luxury hotel.
    Where is this land located?
    The property is located at 186-188 Remsen St Brooklyn, NY.
    What are key features of this property?
    This property features: - Premier development site in Brooklyn Heights with potential to build up to 60,000 ZFA.; - Landmarks approval and DOB-approved plans for a 14-story luxury hotel are already in place.; - Seller is open to a Joint Venture for a luxury development.
    (212) 812-5700
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    186-188 Remsen St Brooklyn, NY 11201
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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
    186-188 Remsen St Brooklyn, NY 11201
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