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    395 Elton St Brooklyn, NY 11208

    Sponsored
    For Sale
    $2,025,000

    4,050 SF Residential Land, Huge Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 4,050 square foot vacant lot, spanning two addresses (395 & 397 Elton Street) in Brooklyn, NY (zip code 11208), presents a remarkable development opportunity. Located in Kings County, this 45-foot wide property boasts a significant 16,200 buildable square feet, thanks to its R7A (4.0) zoning with a C2-4 overlay (2.0), allowing for a maximum height of 80 feet. The zoning permits a flexible approach to development, enabling the construction of either a residential building with up to eight stories (two or one unit per floor) or a mixed-use structure with commercial space on the first and second floors and residential units above. Its strategic location, just two blocks from the A and C subway lines on Shepherd Avenue, provides convenient access to Downtown Brooklyn and Manhattan, enhancing its appeal and potential for high occupancy rates. The combination of generous lot size, favorable zoning, and excellent transit accessibility makes this property an exceptional investment for developers seeking a high-return project in a rapidly growing area. The property is locally owned.

    Property Features for 395 Elton St

    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 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
    -73.883063
    Latitude
    40.67343

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    FAQs

    What type of property is this?
    Land - 4,050 SF Residential Land, Huge Potential
    Where is this land located?
    The property is located at 395 Elton St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,025,000.
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    395 Elton St Brooklyn, NY 11208
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    Brooklyn, NY 11208
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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
    395 Elton St Brooklyn, NY 11208
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