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    423 99Th St Brooklyn, NY 11209

    Sponsored
    For Sale
    $1,495,000

    5,000 sq ft lot, build two homes

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 5,000-square-foot lot presents a remarkable development opportunity in the highly desirable Bay Ridge neighborhood of Brooklyn, New York. Located at 423 99th Street, this 50x100 lot is zoned to allow for the construction of two brand new two-family homes, providing significant potential for substantial returns. Alternatively, the existing fully detached home on the property could be restored and rebuilt. The property boasts a significant advantage with its own extra-wide private driveway and a three-car garage, offering eight private parking spaces. Its prime location offers unparalleled convenience, situated steps away from various transportation options, shopping centers, and an array of essential amenities. This prized piece of real estate in a sought-after Brooklyn neighborhood is priced competitively for the current market, making it an exceptional investment opportunity for builders, developers, investors, or end-users seeking to capitalize on its immense potential. The property is located in Kings County (Brooklyn), NY, zip code 11209, and is listed at $1,495,000.

    Property Features for 423 99Th St

    General Information

    Property type
    Land

    HighLights

    • 5,000‑square‑foot lot in Bay Ridge, Brooklyn.
    • Located at 423 99th Street, 50x100 lot size.
    • Zoned for two two‑family homes, or existing home restoration/rebuild.
    • Features an extra‑wide private driveway and three‑car garage (eight parking spaces).
    • Prime location near transportation, shopping, and amenities.
    • Listed at $1,495,000.
    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 Grocery Store

    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
    -74.0322385
    Latitude
    40.613199

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    FAQs

    What type of property is this?
    Land - 5,000 sq ft lot, build two homes
    Where is this land located?
    The property is located at 423 99Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: 5,000-square-foot lot in Bay Ridge, Brooklyn.; Located at 423 99th Street, 50x100 lot size.; Zoned for two two-family homes, or existing home restoration/rebuild.
    (718) 532-2000
    Request Owner's contact information
    423 99Th St Brooklyn, NY 11209
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    Brooklyn, NY 11209
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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
    423 99Th St Brooklyn, NY 11209
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