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    5335 Kings Hwy Brooklyn, NY 11203

    Sponsored
    For Sale
    $125,000

    12,000 SF Lot, $125K Asking

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 12,000 square foot commercial lot, located at 5335 Kings Highway in Brooklyn, New York, presents a remarkable investment opportunity. Zoned M1-1, this property boasts significant potential for a variety of commercial uses. Currently generating a monthly rental income of $15,000, the property's existing configuration includes a repair shop, a substantial office space, and a used car dealership. The property's size and prime location in the desirable East Flatbush area offer substantial upside potential for future development or continued operation as a multi-use commercial space. The asking price is $125,000. The lot's dimensions provide ample space for expansion or redevelopment, catering to a wide range of business ventures. This is a rare opportunity to acquire a well-established, income-producing commercial property in a thriving Brooklyn neighborhood. The property is situated in Kings County (Brooklyn), NY, 11203, with GPS coordinates 40.6388888 latitude and -73.9254422 longitude. Serious inquiries are encouraged. All offers will be considered.

    Property Features for 5335 Kings Hwy

    General Information

    Property type
    Land
    Square Feet
    2,000 SF

    HighLights

    • $125,000 asking price for a commercial land parcel.
    • 2,000 square feet of buildable area on a 12,000 square foot lot.
    • Located at 5335 Kings Highway, Brooklyn, NY 11203.
    • M1‑1 zoned lot in prime East Flatbush.
    • Currently generating $15,000 monthly rent from existing business operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    KING MAL USED ... Used Car Dealer Rubber Bros Auto ... Used Car Dealer

    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
    -73.9254422
    Latitude
    40.6388888

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    FAQs

    What type of property is this?
    Land - 12,000 SF Lot, $125K Asking
    Where is this land located?
    The property is located at 5335 Kings Hwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price for a commercial land parcel.; 2,000 square feet of buildable area on a 12,000 square foot lot.; Located at 5335 Kings Highway, Brooklyn, NY 11203.
    Request Owner's contact information
    5335 Kings Hwy Brooklyn, NY 11203
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    Brooklyn, NY 11203
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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
    5335 Kings Hwy Brooklyn, NY 11203
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