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    Property profile & analytics
    FOR SALE
    Commercial real estate

    117 Osborn St, Brooklyn, NY 11212

    200 SF 0.06 ac lot Built 1930
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US63-5985596
    Property summary
    AI-generated overview

    This exceptional 2,500 square foot commercial and residential land parcel, located at 117 Osborn Street in Brooklyn, NY 11212 (APN: 03524 0008), presents a unique investment opportunity. Zoned R7A/C2-4/MIH, this property offers significant development potential. The asking price is $999,000. The lot is situated in Kings County and benefits from its location within an Opportunity Zone and Qualified Census Tract (QCT). This site allows for the transfer of air rights from an adjacent church, significantly enhancing development possibilities. The church, while not included in this listing, offers additional potential for a combined development project. The property's location provides access to various amenities and transportation options. The approved retail space with a basement kitchen in the adjacent church further enhances the potential for mixed-use development. This block-through property offers a rare chance to create a substantial project. The potential for conversion and prime development opportunities makes this a highly attractive investment. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1930
    Total area 200 SF
    Lot 0.06 ac (2,500 SF)
    Zoning code C4-3
    APN 03524-0008
    UPID US63-5985596
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Antioch Ch Of Our Lord Jesus C · 7 yrs held
    Antioch Ch Of Our Lord Jesus C
    since 2019
    2 recorded transactions
    2019
    $2.0M
    2005
    $495,000
    Zoning & alternative use
    C4-3 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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