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    824 49Th St Brooklyn, NY 11220

    Sponsored
    For Sale
    $750,000

    Prime Brooklyn lot, 1950 sq ft, $750,000

    Property size:
    1,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional commercial land parcel, located at 824 49th Street in the vibrant Kings County borough of Brooklyn, New York, presents a unique investment opportunity. The property boasts a total lot size of 1,950 square feet and is zoned for commercial use. The asking price is $750,000. While the existing structures are not extensive, the property includes a walk-in space of approximately 450 square feet and a 700 square foot basement area, offering immediate potential for various commercial ventures. The four-story building height allows for significant development possibilities. The property's strategic location in Brooklyn, NY 11220, places it in close proximity to public transportation and a variety of restaurants, ensuring high visibility and accessibility for any business. The 1,150 square feet of existing building space, combined with the substantial lot size, provides ample room for expansion or redevelopment. This property is ideal for entrepreneurs seeking a high-traffic location to establish their business or for investors looking for a promising development project in a thriving Brooklyn neighborhood. The ceiling height is noted as "Other," requiring further investigation for specific development plans. This is a rare opportunity to acquire a commercial property in a prime Brooklyn location. Serious inquiries are encouraged.

    Property Features for 824 49Th St

    General Information

    Property type
    Land
    Square Feet
    1,150 SF

    Building Details

    Stories
    4

    HighLights

    • 1,950 sq ft commercial lot in Brooklyn, NY, zoned for commercial use, asking $750,000.
    • Existing 1,150 sq ft building (includes 450 sq ft walk‑in and 700 sq ft basement), four‑story height allows for expansion.
    • Prime Brooklyn location (824 49th Street, 11220) near public transportation and restaurants, offering high visibility and accessibility.
    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 (Brooklyn)
    State
    New York
    Longitude
    -74.0026642
    Latitude
    40.6411291

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn lot, 1950 sq ft, $750,000
    Where is this land located?
    The property is located at 824 49Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 1,950 sq ft commercial lot in Brooklyn, NY, zoned for commercial use, asking $750,000.; Existing 1,150 sq ft building (includes 450 sq ft walk-in and 700 sq ft basement), four-story height allows for expansion.; Prime Brooklyn location (824 49th Street, 11220) near public transportation and restaurants, offering high visibility and accessibility.
    Request Owner's contact information
    824 49Th St Brooklyn, NY 11220
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    Brooklyn, NY 11220
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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
    824 49Th St Brooklyn, NY 11220
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