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    264 60Th St Brooklyn, NY 11220

    Sponsored
    For Sale
    $1,990,000

    Sunset Park, 4,000 sq ft lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 4,000 square foot development opportunity is situated in the vibrant Sunset Park neighborhood of Brooklyn, New York. The property consists of two contiguous lots, 264 and 266 60th Street, measuring 20x112 feet and 20x100 feet respectively. Zoned R6B, this land is ideally suited for residential construction, presenting a compelling prospect for developers seeking to build new homes in a highly sought-after area. The location offers unparalleled convenience, with easy access to public transportation, including several bus routes and the N and R subway lines. Residents will enjoy proximity to a wealth of amenities, including a variety of grocery stores, restaurants, and parks. Sunset Park itself, one of Brooklyn's largest and most beautiful parks, is within easy reach, providing stunning views of the Manhattan skyline. The asking price for this exceptional development land is $1,990,000. This presents a rare chance to acquire a prime piece of Brooklyn real estate with significant potential for future growth and value appreciation. The property's location in the desirable Sunset Park neighborhood, combined with its favorable zoning and convenient access to transportation and amenities, makes it an attractive investment for both individual builders and experienced developers.

    Property Features for 264 60Th St

    General Information

    Property type
    Land

    HighLights

    • Exceptional 4,000 sq ft development opportunity in Sunset Park, Brooklyn.
    • Two contiguous lots (264 & 266 60th Street), 20x112 ft and 20x100 ft respectively.
    • R6B zoning ideal for residential construction.
    • Prime location with easy access to public transportation (N, R subway lines & buses).
    • $1,990,000 asking price.
    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 (Brooklyn)
    State
    New York
    Longitude
    -74.021371
    Latitude
    40.6423472

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    FAQs

    What type of property is this?
    Land - Sunset Park, 4,000 sq ft lot
    Where is this land located?
    The property is located at 264 60Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: Exceptional 4,000 sq ft development opportunity in Sunset Park, Brooklyn.; Two contiguous lots (264 & 266 60th Street), 20x112 ft and 20x100 ft respectively.; R6B zoning ideal for residential construction.
    Request Owner's contact information
    264 60Th 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
    264 60Th St Brooklyn, NY 11220
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