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    662 39Th St Brooklyn, NY 11232

    Sponsored
    For Sale
    $975,000

    2,500 SF Lot, $975,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2,500 square foot land parcel presents a unique investment opportunity in the vibrant Brooklyn, New York market. Located at 662 39th Street, in Kings County (Brooklyn), zip code 11232, this property offers significant potential for redevelopment. The lot dimensions measure 25 feet wide by 100 feet deep, providing a versatile footprint for various development projects. The asking price is $975,000. The property is being sold as-is, requiring some attention and improvements (TLC). Full possession of the property will be granted at closing. This is a rare chance to acquire a sizable land parcel in a highly sought-after Brooklyn neighborhood. The property's location offers easy access to local amenities, transportation, and the broader New York City area. Given its size and location, this property is ideal for developers, investors, or anyone seeking to build their dream project. The property is situated at latitude 40.6488919 and longitude -74.000277. Serious inquiries are encouraged. This is a unique opportunity to acquire a piece of Brooklyn real estate with significant upside potential. Act quickly, as properties like this are rarely available.

    Property Features for 662 39Th St

    General Information

    Property type
    Land

    HighLights

    • 2,500 square foot land parcel in Brooklyn, NY.
    • Located at 662 39th Street, Brooklyn, NY 11232.
    • Asking price: $975,000.
    • Lot dimensions: 25' x 100'.
    • Sold as‑is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    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
    -74.000277
    Latitude
    40.6488919

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    FAQs

    What type of property is this?
    Land - 2,500 SF Lot, $975,000
    Where is this land located?
    The property is located at 662 39Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 2,500 square foot land parcel in Brooklyn, NY.; Located at 662 39th Street, Brooklyn, NY 11232.; Asking price: $975,000.
    Request Owner's contact information
    662 39Th St Brooklyn, NY 11232
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    Brooklyn, NY 11232
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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
    662 39Th St Brooklyn, NY 11232
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