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    6002 24Th Ave Brooklyn, NY 11204

    Sponsored
    For Sale
    $1,790,000

    Prime 2,550 SF lot, high development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2,550 square foot vacant lot at 6002 24th Avenue in Brooklyn, New York (zip code 11204), presents a remarkable development opportunity. Located in Kings County, this property boasts a prime corner location and offers significant potential for a lucrative project. The land is zoned R6 (Residential Far) with a 2.43 FAR and a COMMERCIAL OVERLAY C1-3 with a maximum FAR of 4.8, allowing for a buildable area up to 12,240 square feet (subject to architectural review and approvals). This flexibility makes it ideal for a variety of projects, including retail spaces, residential condos, or a mixed-use development. The site's convenient location near shopping, restaurants, banks, and public transportation, including the F train and multiple bus stations, adds to its appeal. The asking price for this exceptional development opportunity is $1,790,000. This is a rare chance to acquire a substantial piece of land in a thriving Brooklyn neighborhood with high development potential. Don't miss this chance to build your vision.

    Property Features for 6002 24Th Ave

    General Information

    Property type
    Land

    HighLights

    • 2,550 SF vacant lot in Brooklyn, NY (11204).
    • Prime corner location in Kings County.
    • R6 (Residential Far) zoning with 2.43 FAR and C1‑3 commercial overlay (4.8 max FAR), allowing up to 12,240 buildable SF (subject to approvals).
    • Near shopping, restaurants, banks, and public transportation (F train & buses).
    • Asking price: $1,790,000.
    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 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
    -73.9744379
    Latitude
    40.6139799

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    FAQs

    What type of property is this?
    Land - Prime 2,550 SF lot, high development potential.
    Where is this land located?
    The property is located at 6002 24Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,790,000.
    What are key features of this property?
    This property features: 2,550 SF vacant lot in Brooklyn, NY (11204).; Prime corner location in Kings County.; R6 (Residential Far) zoning with 2.43 FAR and C1-3 commercial overlay (4.8 max FAR), allowing up to 12,240 buildable SF (subject to approvals).
    Request Owner's contact information
    6002 24Th Ave Brooklyn, NY 11204
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    Brooklyn, NY 11204
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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
    6002 24Th Ave Brooklyn, NY 11204
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