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    31 Frank Ct Brooklyn, NY 11229

    Sponsored
    For Sale
    $1,399,000

    7,200 SF Brooklyn Lot, R4 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,200 square foot development opportunity is located at 31 Frank Court in the vibrant Gerritsen Beach neighborhood of Brooklyn, New York. Zoned R4, this unique property combines four lots, offering significant potential for a developer. The site boasts an approximate 80x90 foot street-to-street footprint, providing ample space for a variety of projects. Currently on the land sits a 1,120 square foot single-family home. Situated in Kings County (Brooklyn), with a 11229 zip code, this parcel is ideally positioned within a rapidly growing area, presenting a compelling investment opportunity. The property's location in Gerritsen Beach offers proximity to the beach and its associated amenities, further enhancing its appeal. This is a rare chance to acquire a substantial land parcel in a thriving Brooklyn neighborhood, ripe for redevelopment. The asking price for this prime development site is $1,399,000. Don't miss this chance to capitalize on the significant potential of this unique property. The property's coordinates are approximately 40.5872007 latitude and -73.9223077 longitude.

    Property Features for 31 Frank Ct

    General Information

    Property type
    Land

    HighLights

    • 7,200 square foot development opportunity in Gerritsen Beach, Brooklyn.
    • R4 zoning, four combined lots, 80x90 foot street‑to‑street footprint.
    • Existing 1,120 square foot single‑family home on site.
    • Kings County (Brooklyn), zip code 11229, prime location in a rapidly growing area.
    • $1,399,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Monarch & Monroe Cattery Cattery

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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 (Brooklyn)
    State
    New York
    Longitude
    -73.9223077
    Latitude
    40.5872007

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    FAQs

    What type of property is this?
    Land - 7,200 SF Brooklyn Lot, R4 Zoning
    Where is this land located?
    The property is located at 31 Frank Ct Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: 7,200 square foot development opportunity in Gerritsen Beach, Brooklyn.; R4 zoning, four combined lots, 80x90 foot street-to-street footprint.; Existing 1,120 square foot single-family home on site.
    Request Owner's contact information
    31 Frank Ct Brooklyn, NY 11229
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    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
    31 Frank Ct Brooklyn, NY 11229
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