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    838 41St St 1 Brooklyn, NY 11232

    Sponsored
    For Sale
    $1,880,000

    3,000 SF lot, two-unit potential.

    Property size:
    3,595 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial land opportunity in Brooklyn, New York, presents a unique investment prospect. Located at 838 41st Street, this 3,000 square foot lot offers significant potential for development or redevelopment. The property currently features two units; one is a 2,095 square foot space on the first floor, and the other is a 1,500 square foot walk-in unit. The annual property taxes for the larger unit are $4,083, while the smaller unit's annual taxes are $3,400. The total land area is 3,000 square feet, making it an ideal size for a variety of commercial ventures. The property's address is 838 41st Street, Brooklyn, NY 11232, situated in Kings County. The precise ceiling height is noted as "Other," requiring further investigation. This property is listed at $1,880,000 and presents a strong investment opportunity given its location and potential for future development. The property's location in Brooklyn offers easy access to transportation and a vibrant commercial environment. Serious inquiries are encouraged to explore the full potential of this promising commercial land parcel. The property is zoned for commercial use. Further due diligence is recommended to confirm zoning regulations and potential development options.

    Property Features for 838 41St St 1

    General Information

    Property type
    Land
    Square Feet
    3,595 SF

    Building Details

    Units
    2

    HighLights

    • $1,880,000 asking price.
    • 3,000 square foot land parcel.
    • Commercial land zoned for other commercial uses.
    • 3,595 total square feet across two units.
    • Located at 838 41st Street, Brooklyn, NY 11232.
    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 Nail Salon Clothing Store 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
    -73.9975913
    Latitude
    40.6454564

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    FAQs

    What type of property is this?
    Land - 3,000 SF lot, two-unit potential.
    Where is this land located?
    The property is located at 838 41St St 1 Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,880,000.
    What are key features of this property?
    This property features: $1,880,000 asking price.; 3,000 square foot land parcel.; Commercial land zoned for other commercial uses.
    Request Owner's contact information
    838 41St St 1 Brooklyn, NY 11232
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    Brooklyn, NY 11232
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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
    838 41St St 1 Brooklyn, NY 11232
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