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    165 Avenue O Brooklyn, NY 11204

    Sponsored
    For Sale
    $2,000,000

    3,999 SF R6 Zoned Lot, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 3,999 square foot lot, located at 165 Avenue O in Brooklyn, New York, presents a remarkable development opportunity. Situated in Kings County (Brooklyn), zip code 11204, this property is zoned R6, offering significant potential for various construction projects. The lot itself measures approximately 40 feet wide by 100 feet deep and is conveniently paved. This listing includes 165 Avenue O and is being sold in conjunction with 159 and 161 Avenue O, with a combined asking price of $6,250,000. The individual asking price for 165 Avenue O is $2,000,000. This prime location in Brooklyn offers easy access to various amenities and transportation options. The property's R6 zoning allows for a range of development possibilities, making it an attractive investment for builders and developers seeking a strategic foothold in a thriving New York City borough. Detailed zoning information and potential development plans should be verified independently with the relevant city authorities. This is a unique opportunity to acquire a well-situated, sizable lot in a highly desirable area. Serious inquiries only.

    Property Features for 165 Avenue O

    General Information

    Property type
    Land

    HighLights

    • $2,000,000 asking price.
    • 3,999 square foot land parcel.
    • Located at 165 Avenue O, Brooklyn, NY 11204.
    • Zoned R6.
    • Sold in conjunction with 159 and 161 Avenue O (combined asking price: $6,250,000).
    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
    -73.9787718
    Latitude
    40.6109799

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    FAQs

    What type of property is this?
    Land - 3,999 SF R6 Zoned Lot, Excellent Location
    Where is this land located?
    The property is located at 165 Avenue O Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price.; 3,999 square foot land parcel.; Located at 165 Avenue O, Brooklyn, NY 11204.
    Request Owner's contact information
    165 Avenue O Brooklyn, NY 11204
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    Brooklyn, NY 11204
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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
    165 Avenue O Brooklyn, NY 11204
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