Listing Agency: Charles Rutenberg Realty Inc Plainview

Listed By: Mehul (Mike) Modi · License #NY 30MO0811789

Source: Crexi

Added: Apr 10 Changed: Sep 3 Last Checked: Aug 30 at 9:11PM

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Investment Insights

Based on property information with market context.

This industrial land parcel at 494 Liberty Avenue in East New York is zoned M1-4 and currently includes a temporary shed. The zoning permits a maximum commercial FAR of 2 and a maximum community facility FAR of 6.5, subject to architect approval and potentially affected by street widths or other site characteristics.

Key Highlights

• M1‑4 zoning
• Maximum allowable commercial FAR: 2
• Maximum allowable community facility FAR: 6.5

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Law Firm Parking Lot & Garage Garden Center Spa & Massage Center Grocery & Convenience Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,011

Businesses Nearby

Explore this area Business Placement

Demographics for 11207, NY

100,330

Population

38,030

Households

2.6

Avg Household Size

35

Median Age

19%

College-Educated

81%

High-School Grad

2.7 sq mi

ZIP Area

37,159

Density / Sq Mi

$55,419

Median Household Income

$41,008

Median Earnings

$1,443

Median Rent

$657,400

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - Industrial land with a temporary shed and M1-4 zoning for commercial development.

Where is this industrial land located?

The property is located at 494 LIBERTY AVENUE East New York, NY.

What are key features of this property?

This property features: M1‑4 zoning; Maximum allowable commercial FAR: 2; Maximum allowable community facility FAR: 6.5