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    4022 Farragut Rd Brooklyn, NY 11210

    Sponsored
    For Sale
    $989,000

    Vacant 900 SF, 3-Story Building, $989K

    Property size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 4022 Farragut Road East in the vibrant East Flatbush section of Brooklyn, New York, presents a unique investment opportunity. The building, constructed in 1930, boasts a total of 900 square feet spread across three stories, situated on a 1,900 square foot lot. Currently vacant, this Class C building is zoned R4, offering considerable flexibility for a variety of uses. Previously utilized as a daycare center, medical office, and storefront, the property's adaptable layout caters to diverse business needs. The first floor, formerly a thriving daycare, is ready for immediate occupancy by a new owner. The building's strategic location in East Flatbush provides excellent access to a dense population and robust local commerce. The asking price is $989,000. This represents a compelling opportunity to acquire a well-positioned mixed-use property in a rapidly developing Brooklyn neighborhood. The property is being delivered vacant, allowing for immediate customization and tenant acquisition. The building's history and existing infrastructure provide a solid foundation for a variety of future ventures. This is a rare chance to own a versatile commercial property in a prime location.

    Property Features for 4022 Farragut Rd

    General Information

    Property type
    Day care centers
    Square Feet
    900 SF
    Class
    C

    Building Details

    Year Built
    1930
    Stories
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Imani Day School Day Care Center Kookies & Kream Creamery Ice Cream Shop

    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
    -73.937732927663
    Latitude
    40.636923281185

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    FAQs

    What type of property is this?
    Day care center - Vacant 900 SF, 3-Story Building, $989K
    Where is this day care center located?
    The property is located at 4022 Farragut Rd Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $989,000.
    Request Owner's contact information
    4022 Farragut Rd Brooklyn, NY 11210
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    Brooklyn, NY 11210
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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
    4022 Farragut Rd Brooklyn, NY 11210
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