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    599 Ashford St Brooklyn, NY 11207

    Sponsored
    For Sale
    $225,000

    1,800 sq ft lot, R5 zoning, motivated seller.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 1,800 square foot residential lot, located at 599 Ashford Street in Brooklyn, New York, presents a unique investment opportunity. Situated in a bustling East New York neighborhood, this property boasts an advantageous R5 zoning designation. Its convenient location between Dumont Avenue and New Lots Avenue provides easy access to a variety of amenities, including shops and restaurants. Public transportation is readily available, with the #3 subway station and B15 bus stop just a short distance away. The property's high visibility and accessibility make it ideal for a variety of development projects. A preliminary architectural plan, commissioned by the seller, envisions a three-story building incorporating a community facility (such as a church or medical facility) on the ground floor, and four residential units (two per floor) on the upper levels. This plan offers a compelling framework, but the property's R5 zoning allows for considerable flexibility in development. The seller is highly motivated and open to considering all reasonable offers. This is a rare chance to acquire a well-positioned lot in a rapidly developing area of Brooklyn. The zip code is 11207, and the property is located in Kings (Brooklyn) County.

    Property Features for 599 Ashford St

    General Information

    Property type
    Land

    HighLights

    • $225,000 asking price.
    • 1,800 sq ft residential land lot.
    • Located at 599 Ashford Street, Brooklyn, NY 11207.
    • R5 zoned lot in a high‑traffic East New York location.
    • Convenient access to shops, restaurants, subway, and bus.
    • Potential for a three‑story building with a commercial space and residential units.
    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
    -73.883189
    Latitude
    40.667309

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    FAQs

    What type of property is this?
    Land - 1,800 sq ft lot, R5 zoning, motivated seller.
    Where is this land located?
    The property is located at 599 Ashford St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: $225,000 asking price.; 1,800 sq ft residential land lot.; Located at 599 Ashford Street, Brooklyn, NY 11207.
    Request Owner's contact information
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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
    599 Ashford St Brooklyn, NY 11207
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