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    1302 83Rd St 002 Brooklyn, NY 11228

    Sponsored
    For Sale
    $698,800

    8,400 SF Lot, 1,300 SF Building

    Property size:
    1,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial land parcel, located at 1302 83rd Street #002 in the desirable Dyker Heights neighborhood of Brooklyn, New York (zip code 11228), presents a unique investment opportunity. The property boasts a newly constructed (2024) building encompassing 1,300 square feet on an 8,400 square foot lot. The building features ceiling heights ranging from 11 to 15 feet, providing ample space and flexibility for a variety of uses. Currently planned for healthcare, the property's zoning allows for diverse applications, including adult care facilities, medical offices, nursing homes, professional offices, or after-school tutoring centers. Expansion potential exists, with the possibility of connecting to the adjacent property to increase the total square footage to 2,300 square feet. The asking price is $698,800. Significant long-term cost savings are anticipated through a 25-year tax abatement, and common charges include water. This prime location in the heart of Dyker Heights offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a versatile commercial property with substantial upside potential. The property is situated in Kings County.

    Property Features for 1302 83Rd St 002

    General Information

    Property type
    Land
    Square Feet
    1,300 SF

    HighLights

    • 1,300 SF newly constructed (2024) building on an 8,400 SF lot in desirable Dyker Heights, Brooklyn (11228).
    • 11‑15' ceiling heights offer versatile space for various uses.
    • Zoned for healthcare, but allows for diverse uses including medical offices and professional offices.
    • Expansion potential to 2,300 SF by connecting to adjacent property.
    • $698,800 asking price with a 25‑year tax abatement and common charges including water.
    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 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
    -74.0119834
    Latitude
    40.61545

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    FAQs

    What type of property is this?
    Land - 8,400 SF Lot, 1,300 SF Building
    Where is this land located?
    The property is located at 1302 83Rd St 002 Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $698,800.
    What are key features of this property?
    This property features: 1,300 SF newly constructed (2024) building on an 8,400 SF lot in desirable Dyker Heights, Brooklyn (11228).; 11-15' ceiling heights offer versatile space for various uses.; Zoned for healthcare, but allows for diverse uses including medical offices and professional offices.
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    1302 83Rd St 002 Brooklyn, NY 11228
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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
    1302 83Rd St 002 Brooklyn, NY 11228
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