238 Melrose St Brooklyn, NY 11206-6204
- Office buildings
- 22,500 SF
- 0.11 lot acres
Current Use by Public Records
- Melrose Laundromat / Laundromat
Property Details for 238 Melrose St
- Year built
- 1931
- Lot size
- 0.11 lot acres
- Property size
- 22,500 SF
- Zone code
- R6
- Property type
- Office buildings
- APN
- 03164-0010
- APU
- 31640010
Description
This vacant, mixed-use building at 238 Melrose Street in Brooklyn, NY, presents a compelling redevelopment opportunity. The 17,556-square-foot property, classified as Class C, sits on a 5,000-square-foot lot (50' x 100' lot line, 45' x 95' building base) and is zoned R6, allowing for significant residential development potential. Currently a four-story structure, the building is entirely vacant and offers a clean slate for a new project. The existing structure includes a ground floor laundromat, a freight elevator, and artist studios on the upper floors. The asking price is $7,000,000, translating to $398.72 per square foot. Detailed information, including surveys, floor plans, an environmental report, and additional photos, are available upon request. This property is an exceptional investment for developers seeking a prime location in a rapidly growing Brooklyn neighborhood. The building's size and zoning provide ample flexibility for a variety of residential projects. Don't miss this chance to acquire a key piece of Brooklyn real estate.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $585,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $769,000
Market price range: $552k - $2.87M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.93
- Latitude
- 40.7014
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
