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    576 Glenmore Ave Brooklyn, NY 11207

    Sponsored
    For Sale
    $421,875

    Prime Brooklyn Residential Lot, 2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 2,500 square foot residential lot presents a compelling development opportunity in the vibrant Brooklyn neighborhood. Located at 576 Glenmore Avenue, Kings County, New York, 11207, this locally owned property boasts a 25-foot wide frontage, offering significant buildable square footage. Zoned R5B (1.35) with a 33-foot height limit, the site allows for the construction of a three-story apartment building, potentially accommodating one or two units per floor, totaling 3,375 buildable square feet. The property's strategic location provides convenient access to public transportation, situated just one block from the C train on Van Siclen Avenue, ensuring easy commutes to Downtown Brooklyn and Manhattan. The asking price for this prime development land is $421,875. This represents a unique chance to capitalize on Brooklyn's thriving real estate market and create a valuable multi-family residential asset. The property's size and zoning regulations make it an ideal investment for developers seeking a high-return project in a desirable location. Serious inquiries are encouraged.

    Property Features for 576 Glenmore Ave

    General Information

    Property type
    Land

    HighLights

    • 2,500 square foot residential lot in Brooklyn, NY.
    • Located at 576 Glenmore Avenue, 11207, with a 25‑foot frontage.
    • R5B (1.35) zoning allows for a three‑story building, up to 3,375 buildable square feet.
    • One block from the C train on Van Siclen Avenue.
    • Asking price: $421,875.
    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
    State
    New York
    Longitude
    -73.889023
    Latitude
    40.673999

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn Residential Lot, 2,500 SF
    Where is this land located?
    The property is located at 576 Glenmore Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $421,875.
    What are key features of this property?
    This property features: 2,500 square foot residential lot in Brooklyn, NY.; Located at 576 Glenmore Avenue, 11207, with a 25-foot frontage.; R5B (1.35) zoning allows for a three-story building, up to 3,375 buildable square feet.
    Request Owner's contact information
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    Brooklyn, NY 11207
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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
    576 Glenmore Ave Brooklyn, NY 11207
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