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    621 87Th St Brooklyn, NY 11236

    Sponsored
    For Sale
    $260,000

    2,580 SF Lot, Approved 2-Family Plan

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2,580 square foot land parcel presents a remarkable development opportunity in the vibrant Brooklyn neighborhood. Located at 621 East 87th Street, Kings County, New York, 11236, this property boasts an approved plan for a two-family residence, streamlining the construction process and minimizing potential delays. The site's strategic location offers easy access to local amenities, transportation, and the broader Brooklyn community. The asking price for this prime development land is $260,000. This represents a compelling investment opportunity for builders and developers seeking to capitalize on the strong demand for residential properties in this thriving area. The approved plans provide a solid foundation for immediate project commencement, reducing the time and expense associated with obtaining necessary permits and approvals. With its generous lot size and advantageous location, this property is poised for significant return on investment. The property is situated at 40.6415965 latitude and -73.9105958 longitude. Serious inquiries are encouraged to explore this exceptional development opportunity further. This is a rare chance to acquire a ready-to-build lot in a highly sought-after Brooklyn location. Don't miss out on this chance to build your next successful project.

    Property Features for 621 87Th St

    General Information

    Property type
    Land

    HighLights

    • $260,000 asking price.
    • 2,580 square foot land parcel.
    • Located at 621 East 87th Street, Brooklyn, NY 11236.
    • Approved plans for a two‑family residence available.
    • Kings County (Brooklyn), New York.
    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
    -73.9105958
    Latitude
    40.6415965

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    FAQs

    What type of property is this?
    Land - 2,580 SF Lot, Approved 2-Family Plan
    Where is this land located?
    The property is located at 621 87Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: $260,000 asking price.; 2,580 square foot land parcel.; Located at 621 East 87th Street, Brooklyn, NY 11236.
    Request Owner's contact information
    621 87Th St Brooklyn, NY 11236
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    Brooklyn, NY 11236
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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
    621 87Th St Brooklyn, NY 11236
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