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    2 Kay Ct Brooklyn, NY 11229

    For Sale
    $1,700,000

    Prime Brooklyn waterfront land, boat slips, high income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional waterfront property at 2 Kay Court in Brooklyn, NY, presents a unique investment opportunity. Situated on a generous 7,614 square foot lot in the desirable Kings (Brooklyn) County, zip code 11229, this property boasts a prime location on the Gerritsen Beach Inlet. Ideal for boat enthusiasts, the property includes over 32 boat slips, all equipped with readily available electricity and water. These well-maintained docks generate a substantial and consistent income stream. The R4 zoning designation offers significant development potential. The asking price for this remarkable property is $1,700,000. This single-story land parcel offers unparalleled access to the water, making it an exceptional investment for those seeking a high-return waterfront asset with established income. The property's size and location on the Gerritsen Beach Inlet provide a rare opportunity in the competitive Brooklyn real estate market. Serious inquiries are encouraged to schedule a viewing and explore the full potential of this exceptional offering.

    Property Features for 2 Kay Ct

    General Information

    Property type
    Land

    Building Details

    Stories
    1
    Property Profile Insight Report 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
    -73.9271185
    Latitude
    40.5878179

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn waterfront land, boat slips, high income potential.
    Where is this land located?
    The property is located at 2 Kay Ct Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,700,000.
    Request Owner's contact information
    2 Kay Ct Brooklyn, NY 11229
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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
    2 Kay Ct Brooklyn, NY 11229
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