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    1911 Avenue Brooklyn, NY 11229

    For Sale
    $1,998,000

    Prime vacant land, 3,300 sq ft, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3,300 square foot vacant land parcel presents a remarkable investment opportunity in the desirable Brooklyn neighborhood. Located at 1911 Avenue S, this property boasts a prime location, offering convenient access to a wealth of amenities. Just minutes away, residents will find ample shopping options, Cunningham JH and PS 255 schools, ensuring convenient access to education for families. Excellent public transportation is readily available, with the Q Train at Avenue U, the B/Q Train at Kings Highway, and the BM3 and B49 buses all within easy reach. For outdoor recreation, Kelly Park is nearby, providing a green space for leisure activities. The lot dimensions measure 66 feet by 100 feet, providing significant flexibility for development. Potential uses include the construction of multi-family homes for rental income, a large single-family residence, or even a substantial community facility building (up to 13,000 square feet). This property is being sold as a package deal with 1909 Avenue S. This is a rare opportunity to acquire a prime piece of land in a highly sought-after area of Brooklyn, offering significant potential for future growth and return on investment. The asking price for this exceptional property is $1,998,000. The property is located in Kings County (Brooklyn), New York, with a zip code of 11229.

    Property Features for 1911 Avenue

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -73.9530149
    Latitude
    40.604194

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    FAQs

    What type of property is this?
    Land - Prime vacant land, 3,300 sq ft, development potential.
    Where is this land located?
    The property is located at 1911 Avenue Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,998,000.
    Request Owner's contact information
    1911 Avenue Brooklyn, NY 11229
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    Brooklyn, NY 11229
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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
    1911 Avenue Brooklyn, NY 11229
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