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    2558 Stillwell Ave Brooklyn, NY 11223

    Sponsored
    For Sale
    $1,599,000

    6,000 SF Residential Lot, R5 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 6,000 square foot lot, located at 2558 Stillwell Avenue in Brooklyn, New York (zip code 11223), presents a unique opportunity for builders and developers. The property, measuring 60 feet by 100 feet, is zoned R5, allowing for the construction of three three-story houses. Significant pre-development work has already been completed, streamlining the construction process. This includes a completed environmental assessment and a recent survey, ensuring accuracy for future development plans. The lot is conveniently situated in Kings County (Brooklyn), offering easy access to local amenities and transportation. The property is being sold as a package deal with 2554 Stillwell Avenue, providing an even more substantial development opportunity. This is a rare chance to acquire a ready-to-develop site in a desirable Brooklyn location. The asking price for this exceptional property is $1,599,000. The single-story structure on the lot is not included in the sale. This is a land sale only.

    Property Features for 2558 Stillwell Ave

    General Information

    Property type
    Land

    Building Details

    Stories
    1

    HighLights

    • 6,000 SF lot (60' x 100') at 2558 Stillwell Ave, Brooklyn, NY 11223.
    • R5 zoning allows for three three‑story houses.
    • Pre‑development work complete (environmental assessment and survey).
    • Sold as a package with 2554 Stillwell Avenue.
    • $1,599,000 asking price; land sale only (existing structure excluded).
    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
    -73.9836228
    Latitude
    40.585494

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    FAQs

    What type of property is this?
    Land - 6,000 SF Residential Lot, R5 Zoning
    Where is this land located?
    The property is located at 2558 Stillwell Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: 6,000 SF lot (60' x 100') at 2558 Stillwell Ave, Brooklyn, NY 11223.; R5 zoning allows for three three-story houses.; Pre-development work complete (environmental assessment and survey).
    Request Owner's contact information
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    Brooklyn, NY 11223
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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
    2558 Stillwell Ave Brooklyn, NY 11223
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