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    544 Warwick St Brooklyn, NY 11207

    Sponsored
    For Sale
    $550,000

    Prime Brooklyn development site, R5 zoning.

    Property size:
    4,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This vacant 2,500 square foot lot at 544 Warwick Street in Brooklyn, NY (zip code 11207) presents a unique opportunity for residential development. The property is zoned R5 Infill, offering 4,125 buildable square feet. Its dimensions are 25' x 100'. Conveniently located near the A, C, 2, 3, and 4 subway lines, this site benefits from excellent public transportation access. The area is experiencing significant growth, with recent additions including The Fountains, a large residential complex, Gateway Center Shopping Plaza, and new schools and parks. Nearby amenities include various retail establishments such as Food Universe Marketplace, A&D Hardware, and Pitkin Treasures, along with numerous restaurants and eateries like Popeyes, Golden China, and McDonald's. The asking price for this exceptional development opportunity is $550,000. This represents a compelling investment in a rapidly evolving Brooklyn neighborhood.

    Property Features for 544 Warwick St

    General Information

    Property type
    Land
    Square Feet
    4,125 SF

    HighLights

    • Excellent proximity to Food Universe Marketplace, Boost Mobile, A&D Hardware, Pitkin Treasures, Melissa Meat Market, and BeHealthy E‑Store.
    • Nearby restaurants include Popeyes, New Wah On, Golden China, 976 Sutter Deli, Cachapas Brooklyn, La Bona Pizza & Pasta, McDonald's, Rico Chimi, and Oracle Lounge.
    • Convenient access to the 2, 3, and 4 subway lines, Sutter Ballfields, Martin Luther King Jr. Park, and a playground.
    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
    -73.8852564
    Latitude
    40.6699825

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn development site, R5 zoning.
    Where is this land located?
    The property is located at 544 Warwick St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Excellent proximity to Food Universe Marketplace, Boost Mobile, A&D Hardware, Pitkin Treasures, Melissa Meat Market, and BeHealthy E-Store.; Nearby restaurants include Popeyes, New Wah On, Golden China, 976 Sutter Deli, Cachapas Brooklyn, La Bona Pizza & Pasta, McDonald's, Rico Chimi, and Oracle Lounge.; Convenient access to the 2, 3, and 4 subway lines, Sutter Ballfields, Martin Luther King Jr. Park, and a playground.
    (917) 796-7475
    Request Owner's contact information
    544 Warwick St Brooklyn, NY 11207
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    Brooklyn, NY 11207
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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
    544 Warwick St Brooklyn, NY 11207
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