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    2725 11Th St Brooklyn, NY 11235

    Sponsored
    For Sale
    $3,900,000

    7,111 SF lot, R6/OP zoning, high FAR.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 7,111 square foot development site presents a unique opportunity in the highly desirable area bordering Sheepshead Bay and Brighton Beach in Brooklyn, New York. Conveniently located next to the Belt Parkway exit, this property offers unparalleled accessibility. The lot, measuring 60x120 feet, boasts excellent visibility with exposure on three out of four corners. This combined parcel comprises three individual addresses: 2725 East 11th Street, 2729 East 11th Street, and 1113 Blake Court. The property is zoned R6/OP, allowing for significant development potential. Residential Floor Area Ratio (FAR) is 3, while Community Facility FAR is 4.8. Prospective buyers should consult with their own architect to determine the exact buildable square footage. The asking price for this prime development land is $3,900,000. Serious inquiries only; please submit offers with proof of funds.

    Property Features for 2725 11Th St

    General Information

    Property type
    Land

    HighLights

    • $3,900,000 asking price.
    • 7,111 square foot land parcel.
    • Located at 2725 East 11th Street, Brooklyn, NY 11235.
    • Prime development site at the border of Sheepshead Bay and Brighton Beach, near Belt Parkway.
    • R6/OP zoning; Residential FAR 3, Community Facility FAR 4.8.
    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
    -73.9587478
    Latitude
    40.5845467

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    FAQs

    What type of property is this?
    Land - 7,111 SF lot, R6/OP zoning, high FAR.
    Where is this land located?
    The property is located at 2725 11Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: $3,900,000 asking price.; 7,111 square foot land parcel.; Located at 2725 East 11th Street, Brooklyn, NY 11235.
    Request Owner's contact information
    2725 11Th St Brooklyn, NY 11235
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    Brooklyn, NY 11235
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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
    2725 11Th St Brooklyn, NY 11235
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