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    314 49Th St Brooklyn, NY 11220

    Sponsored
    For Sale
    $2,500,000

    4,550 SF Corner Lot, R6B Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 4,550 square foot land parcel presents a remarkable development opportunity in Brooklyn's vibrant Sunset Park neighborhood. Located at the highly desirable corner of 3rd Avenue and 49th Street, this property boasts 100 feet of frontage on 3rd Avenue, offering significant visibility and accessibility. The R6B zoning designation unlocks a wide range of potential development projects, aligning perfectly with the surrounding area's ongoing transformation. Noteworthy is the substantial development activity already present on every corner of this intersection, indicating a strong and growing market. This offering includes a unique package deal with the adjacent property at 318 49th Street, providing an even more compelling investment proposition. The asking price for this prime development site is $2,500,000. Situated in Kings County (Brooklyn), New York, with a zip code of 11220, this location offers easy access to major transportation routes and a wealth of amenities. The property's geographic coordinates are 40.6385229 latitude and -74.0153231 longitude. This is a rare chance to acquire a substantial piece of land in a rapidly appreciating area, ideal for both experienced developers and astute investors.

    Property Features for 314 49Th St

    General Information

    Property type
    Land

    HighLights

    • 4,550 SF land parcel in Sunset Park, Brooklyn.
    • 100' of frontage on 3rd Avenue at 49th Street.
    • R6B zoning allows diverse development options.
    • Offered as a package deal with adjacent 318 49th Street.
    • Asking price: $2,500,000.
    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 (Brooklyn)
    State
    New York
    Longitude
    -74.0153231
    Latitude
    40.6385229

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    FAQs

    What type of property is this?
    Land - 4,550 SF Corner Lot, R6B Zoning
    Where is this land located?
    The property is located at 314 49Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 4,550 SF land parcel in Sunset Park, Brooklyn.; 100' of frontage on 3rd Avenue at 49th Street.; R6B zoning allows diverse development options.
    (347) 623-0716
    Request Owner's contact information
    314 49Th St Brooklyn, NY 11220
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    Brooklyn, NY 11220
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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
    314 49Th St Brooklyn, NY 11220
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