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    392 Shepherd Ave Brooklyn, NY 11208

    Sponsored
    For Sale
    $937,500

    Prime 2,500 SF Lot, R6A Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2,500 square foot residential lot presents a remarkable development opportunity in the vibrant heart of Brooklyn, New York. Located at 392 Shepherd Avenue, this locally-owned property boasts a 25-foot wide frontage and is zoned R6A (3.0) with a 70-foot height limit, allowing for a substantial buildable area of 7,500 square feet. Imagine the possibilities: a six-story apartment building, potentially featuring one or two units per floor, catering to the high demand for housing in this thriving neighborhood. The property's strategic location offers unparalleled convenience, situated just one block from the C train at Shepherd and Pitkin Avenues, providing swift access to Downtown Brooklyn and the wider city. Furthermore, its proximity to Pitkin Avenue ensures residents are surrounded by a wealth of local shops and restaurants. This is a rare chance to acquire a highly desirable development site in a rapidly growing area, offering significant potential for substantial returns. The asking price for this prime Brooklyn property is $937,500. This Kings County lot is ready for your vision. Don't miss this chance to capitalize on this exceptional investment opportunity.

    Property Features for 392 Shepherd Ave

    General Information

    Property type
    Land

    HighLights

    • $937,500 asking price.
    • 2,500 sq ft residential land lot.
    • R6A zoning, 70' height limit, allowing for approximately 7,500 buildable sq ft.
    • Located in Brooklyn, NY (Kings County), at 392 Shepherd Ave, 11208.
    • One block from the C train.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    State
    New York
    Longitude
    -73.881267
    Latitude
    40.674976

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    FAQs

    What type of property is this?
    Land - Prime 2,500 SF Lot, R6A Zoning
    Where is this land located?
    The property is located at 392 Shepherd Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $937,500.
    What are key features of this property?
    This property features: $937,500 asking price.; 2,500 sq ft residential land lot.; R6A zoning, 70' height limit, allowing for approximately 7,500 buildable sq ft.
    Request Owner's contact information
    392 Shepherd Ave Brooklyn, NY 11208
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    Brooklyn, NY 11208
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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
    392 Shepherd Ave Brooklyn, NY 11208
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