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    1417 63Rd St Brooklyn, NY 11219

    For Sale
    $1,999,000

    4,503 SF lot, $1.99M, high FAR potential.

    Property size:
    1,232 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 4,503 square foot lot at 1417 63rd Street in Brooklyn, NY (zip code 11219), presents a remarkable development opportunity. Located in the Bensonhurst/Boro Park area, this oversized lot measures 40x112 feet, offering significant potential. The property currently features a small, non-mortgageable metal shed. Its prime location and high Floor Area Ratio (FAR) of 2.4 for community uses allow for the construction of up to 12,112 square feet. Ideal uses include houses of worship, medical facilities, educational institutions, libraries, childcare centers, city/state organizations, or warehouse/import-export businesses. The property's convenient location offers easy access to public transportation, with proximity to the B train station and multiple bus stops. Given the limited availability of new land in this area, this represents a unique investment opportunity. This is a cash deal only. The property is situated in Kings County.

    Property Features for 1417 63Rd St

    General Information

    Property type
    Land
    Square Feet
    1,232 SF

    Building Details

    Stories
    1

    HighLights

    • $1,999,000 asking price.
    • 1,232 sq ft land parcel.
    • 4,503 sq ft lot size (40' x 112').
    • Located at 1417 63rd Street, Brooklyn, NY 11219.
    • Potential for 12,112 sq ft buildable area (2.4 FAR for community uses).
    • Cash deal only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    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
    -73.9975224
    Latitude
    40.6256648

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    FAQs

    What type of property is this?
    Land - 4,503 SF lot, $1.99M, high FAR potential.
    Where is this land located?
    The property is located at 1417 63Rd St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: $1,999,000 asking price.; 1,232 sq ft land parcel.; 4,503 sq ft lot size (40' x 112').
    Request Owner's contact information
    1417 63Rd St Brooklyn, NY 11219
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    Brooklyn, NY 11219
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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
    1417 63Rd St Brooklyn, NY 11219
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