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    314-318 49Th St Brooklyn, NY 11201

    Sponsored
    For Sale
    $2,500,000

    Sunset Park development opportunity. R6B zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2,500,000 USD commercial land offering presents a unique development opportunity in the vibrant Sunset Park neighborhood of Brooklyn, New York. Located at 314-318 49th Street, this property boasts a prime location, offering easy access to major transportation arteries, including trains and highways, as well as proximity to key landmarks such as Bush Terminal and Lutheran Hospital. The lot features significant street frontage, measuring approximately 100 feet along 3rd Avenue and 45 feet deep. This substantial size provides ample space for a variety of development projects. The property is zoned R6B, opening up possibilities for diverse commercial and residential construction, subject to all necessary approvals and permits. This is an exceptional chance to acquire a well-situated parcel in a rapidly growing area of Brooklyn, ideal for investors seeking a high-impact development project. The address is 314-318 49th Street, Brooklyn, NY 11201, within Kings County. The geographic coordinates are latitude 40.6986772 and longitude -73.9859414. This is a rare opportunity to acquire a significant commercial property in a highly desirable location.

    Property Features for 314-318 49Th St

    General Information

    Property type
    Land

    HighLights

    • $2,500,000 asking price.
    • Commercial land in Brooklyn, NY.
    • R6B zoning.
    • Located at 314‑318 49th Street, Sunset Park, Brooklyn, NY 11201.
    • Prime location near Bush Terminal, Lutheran Hospital, and major transportation.
    • 100' frontage on 3rd Avenue, 45' deep.
    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 Nail Salon Clothing Store 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
    -73.9859414
    Latitude
    40.6986772

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    FAQs

    What type of property is this?
    Land - Sunset Park development opportunity. R6B zoning.
    Where is this land located?
    The property is located at 314-318 49Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price.; Commercial land in Brooklyn, NY.; R6B zoning.
    (347) 623-0716
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    314-318 49Th St Brooklyn, NY 11201
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    Brooklyn, NY 11201
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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
    314-318 49Th St Brooklyn, NY 11201
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