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    1602 Avenue R Brooklyn, NY 11229

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    For Sale
    $2,600,000

    New construction, modern design, and convenient Homecrest location.

    Lot size:
    0.04 Acres

    Property Features for 1602 Avenue R

    General Information

    Lot size
    0.04 Acres

    Source: Behfar Team, LLC Agent Karen Behfar

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

    Overview

    New Construction Three-Family Home

    Located in the heart of Homecrest, 1602 Avenue R is a newly constructed three-family home. The building is situated on a 20 x 92 lot and features modern design, high ceilings, and private parking. The first floor and basement form a duplex unit with 2 bedrooms and 2 baths on the main level, complemented by a large, open basement suitable for recreation, storage, or additional space. The second and third floors each offer 2 bedrooms and 1 bath, designed with bright, open layouts and clean, modern finishes. Natural light fills every level, enhancing the thoughtful details throughout the home. The property is conveniently located close to shopping, schools, and transportation.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -73.956251
    Latitude
    40.605729

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    FAQs

    What type of property is this?
    Multifamily property - New construction, modern design, and convenient Homecrest location.
    Where is this multifamily property located?
    The property is located at 1602 Avenue R Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Brand new ground-up construction 3-family home.; - Prime Homecrest location near shopping, schools, and transportation.; - Private parking included.
    (347) 988-2526
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    1602 Avenue R 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
    1602 Avenue R Brooklyn, NY 11229
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