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    259 53Rd St Brooklyn, NY 11220

    Sponsored
    For Sale
    $750,000

    Sunset Park, 1703 sq ft lot, M1-2D zoned.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1,703 square foot vacant industrial lot, located at 259 53rd Street in Brooklyn, New York, presents a prime investment opportunity. The property is situated in Sunset Park's thriving industrial neighborhood and boasts an M1-2D zoning designation. Measuring 17 feet wide by 100.17 feet deep, this lot offers significant potential for development. Its strategic location provides easy access to key transportation arteries, including the 53rd Street ("N, R, W") subway station just 1.5 blocks away, and the 4th Avenue retail corridor, also 1.5 blocks distant. Furthermore, the property enjoys convenient proximity to the I-278/Gowanus Expressway, located approximately 0.7 miles away. The asking price for this exceptional property is $750,000. This represents a compelling opportunity to acquire a well-positioned industrial lot in a rapidly developing area of Brooklyn. The Kings County address and 11220 zip code further highlight its desirable location.

    Property Features for 259 53Rd St

    General Information

    Property type
    Land

    HighLights

    • Prime Sunset Park development site.
    • 1,703 SF vacant lot.
    • Excellent proximity to 4th Avenue retail.
    • 1.5 blocks from the N, R, W subway at 53rd Street.
    • Convenient access to I‑278/Gowanus Expressway.
    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
    State
    New York
    Longitude
    -74.0169314
    Latitude
    40.6467591

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    FAQs

    What type of property is this?
    Land - Sunset Park, 1703 sq ft lot, M1-2D zoned.
    Where is this land located?
    The property is located at 259 53Rd 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: Prime Sunset Park development site.; 1,703 SF vacant lot.; Excellent proximity to 4th Avenue retail.
    Request Owner's contact information
    259 53Rd 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
    259 53Rd St Brooklyn, NY 11220
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