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    832 40Th St 1 Brooklyn, NY 11232

    Sponsored
    For Sale
    $1,580,000

    Investment Opportunity: 2 Units, 2,504 SF Lot

    Property size:
    3,239 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional commercial land parcel, located at 832 40th Street in Brooklyn, New York, presents a compelling investment opportunity. The property encompasses a sizable 2,504 square foot lot and features two separate units, ideal for diverse commercial ventures. One unit boasts 1,770 square feet of space, while the second unit offers 1,469 square feet. The total buildable area across both units is 3,239 square feet. The property's zoning allows for a variety of commercial uses, making it suitable for a range of businesses. Annual property taxes for the larger unit are $4,578, while the smaller unit's annual taxes are $3,800. This prime location in the vibrant Kings (Brooklyn) County, with a zip code of 11232, offers excellent accessibility and visibility. The asking price for this exceptional investment property is $1,580,000. The unique configuration of the property, combined with its strategic location and attractive price point, makes this an exceptional opportunity for savvy investors seeking a strong return on their investment. The ceiling height is noted as "Other," requiring further clarification. Serious inquiries are encouraged.

    Property Features for 832 40Th St 1

    General Information

    Property type
    Land
    Square Feet
    3,239 SF

    Building Details

    Units
    2

    HighLights

    • 2,504 SF lot in Brooklyn, NY, at 832 40th Street, zip code 11232.
    • Two units totaling 3,239 SF buildable area: one 1,770 SF, one 1,469 SF.
    • Flexible commercial zoning.
    • Annual property taxes: $4,578 (larger unit), $3,800 (smaller unit).
    • Asking price: $1,580,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -73.9971656
    Latitude
    40.6460881

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    FAQs

    What type of property is this?
    Land - Investment Opportunity: 2 Units, 2,504 SF Lot
    Where is this land located?
    The property is located at 832 40Th St 1 Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,580,000.
    What are key features of this property?
    This property features: 2,504 SF lot in Brooklyn, NY, at 832 40th Street, zip code 11232.; Two units totaling 3,239 SF buildable area: one 1,770 SF, one 1,469 SF.; Flexible commercial zoning.
    Request Owner's contact information
    832 40Th St 1 Brooklyn, NY 11232
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    832 40Th St 1
    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
    832 40Th St 1 Brooklyn, NY 11232
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