Kensington Mixed-Use Development
3483 Fort Hamilton Parkway Brooklyn, NY 11218
3483 Fort Hamilton Parkway, Brooklyn, NY, 11218
Contact for pricing
For Sale
Contact for pricing
Combined C8-2 zoned lot in prime Brooklyn location.
Property Size3,800 SF
Lot Size0.12 Acres
Price / SF$460.53
Days on Market826
Property Features for 3483 Fort Hamilton Parkway
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Lot size
- 0.12 Acres
- Property subtype
- Industrial, Office
Listing agency
RE/MAX Real Estates Professionals
(718) 532-2000
Listed by
Billy Apter · License #New York
Source
Crexi
Added: Apr 17, 2024 Updated: Jul 6 at 7:40AM Checked: Jul 21 at 10:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estates Professionals
Investment Insights
Based on property information with market context.
This property, offered as a package deal with 3485 Fort Hamilton Parkway, presents an outstanding opportunity for developers, builders, investors, and end-users in a desirable Kensington/Boro Park location. The package includes a two-story building with two commercial office units over a warehouse on a 20x102 lot, and a one-story commercial retail building/garage with a 30x60 building size on a 30x102 lot at 3485 Fort Hamilton Parkway, creating a combined 50x102 lot. Zoned C8-2, the property offers tremendous development possibilities and potential with tons of buildable square footage. This is a prized piece of real estate in one of Brooklyn's most sought-after neighborhoods.
Key Highlights
- Package deal: Two properties (3485 Fort Hamilton Pkwy and subject property) sold together.
- Large combined lot size: 50x102 feet.
- C8‑2 zoning: Suitable for commercial development.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $250.8k | $66.00 |
| − Vacancy | −$30.1k | −$7.92 |
| EGI | $220.7k | $58.08 |
| − OpEx | −$82.8k | −$21.78 |
| NOI | $137.9k | $36.30 |
3,800 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$2.60M
$2.28M – $3.04M
NOI $182,227 @ 7.0% cap · market cap 10.41%
Second Best
Mixed Use
$1.97M
$1.72M – $2.30M
NOI $137,940 @ 7.0% cap · market cap 7.88%
Theoretical Best
Specialty Retail
$3.15M
$2.75M – $3.67M
NOI $220,248 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Midtown Elevator
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Combined C8-2 zoned lot in prime Brooklyn location.
Where is this mixed-use property located?
The property is located at 3483 Fort Hamilton Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Package deal: Two properties (3485 Fort Hamilton Pkwy and subject property) sold together.; Large combined lot size: **50x102 feet**.; C8‑2 zoning: Suitable for commercial development.
