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    2743-2751 15Th St Brooklyn, NY 11224

    For Sale
    $3,500,000

    Prime Brooklyn location, 9,505 SF, M1-2 zoning.

    Property size:
    9,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use property, encompassing two contiguous tax lots totaling 9,505 square feet, presents a remarkable investment opportunity in the rapidly evolving Coney Island neighborhood of Brooklyn, New York. Situated at 2743-2751 West 15th Street, zip code 11224, this land parcel is zoned M1-2 (Co) and AE, offering unparalleled versatility for development. The property benefits from a 4.80 floor area ratio (FAR), unlocking the potential for up to 45,624 buildable square feet for a mixed-use project or community facility. Alternatively, a 2.00 FAR allows for the construction of a 19,010 square foot commercial asset or a mixed-use development, ideally suited to complement the influx of new luxury waterfront apartments. This location is experiencing unprecedented growth, with projections of nearly 3,700 new residential units anticipated between 2021 and 2025. The property's strategic location provides excellent connectivity via the D, F, N, and Q subway lines at the Coney Island-Stillwell Avenue station and the Belt Parkway, ensuring easy access for residents and businesses. This rare opportunity allows for the creation of much-needed community facility space to serve the burgeoning population of the area. The asking price for this exceptional property is $3,500,000.

    Property Features for 2743-2751 15Th St

    General Information

    Property type
    Land
    Square Feet
    9,505 SF

    HighLights

    • Two contiguous tax lots totaling 9,505 SF, zoned M1‑2 (Co) and AE.
    • Located in Coney Island, Brooklyn, NY (11224), experiencing rapid growth with ~3,700 new residential units projected (2021‑2025).
    • 4.80 FAR allows for up to 45,624 buildable square feet (ZFA) for mixed‑use or community facility development.
    • Alternatively, a 2.00 FAR permits a 19,010 SF commercial or mixed‑use building.
    • Excellent access via D, F, N, and Q subway lines at Coney Island‑Stillwell Avenue and the Belt Parkway.
    • Rare opportunity to develop much‑needed community facilities to serve the area's growing population.
    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
    -73.9829226
    Latitude
    40.5807208

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn location, 9,505 SF, M1-2 zoning.
    Where is this land located?
    The property is located at 2743-2751 15Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Two contiguous tax lots totaling 9,505 SF, zoned M1-2 (Co) and AE.; Located in Coney Island, Brooklyn, NY (11224), experiencing rapid growth with ~3,700 new residential units projected (2021-2025).; 4.80 FAR allows for up to 45,624 buildable square feet (ZFA) for mixed-use or community facility development.
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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
    2743-2751 15Th St Brooklyn, NY 11224
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