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    711 Kings Hwy Brooklyn, NY 11223

    For Sale
    $7,500,000

    Iconic Kings Highway location, vacant, 14,664 SF

    Property size:
    14,664 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial property, located at 711 Kings Highway in Brooklyn, New York, presents a remarkable investment opportunity. The building boasts a total of 14,664 square feet, spread across two stories, and is currently vacant, offering immediate occupancy for a discerning buyer. The asking price is $7,500,000, translating to a price per square foot of $511.46. The property is zoned R6A-C2-3, OP, allowing for a variety of uses. The building itself measures 4,888 square feet, situated on a lot with dimensions of 47.25 feet by 104.17 feet. The floor area ratio (FAR) is 3, with a built FAR of 1.36. This prime location on Kings Highway in Brooklyn's vibrant Kings County (zip code 11223) offers unparalleled visibility and accessibility, making it ideal for a restaurant or storefront operation. The property's size and zoning provide significant flexibility for a wide range of commercial ventures. This is a rare opportunity to acquire a substantial, well-located commercial property in a thriving New York City neighborhood. The vacant status allows for immediate customization and development to suit the specific needs of the new owner. Serious inquiries are encouraged.

    Property Features for 711 Kings Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,664 SF

    Building Details

    Stories
    2

    HighLights

    • 47.25' x 104.17' lot dimensions.
    • 4,888 SF building.
    • Two‑story building.
    • R6A‑C2‑3, OP zoning.
    • 3/1.36 FAR/Built FAR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -73.965225
    Latitude
    40.606535

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    FAQs

    What type of property is this?
    Individual retail property - Iconic Kings Highway location, vacant, 14,664 SF
    Where is this individual retail property located?
    The property is located at 711 Kings Hwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: 47.25' x 104.17' lot dimensions.; 4,888 SF building.; Two-story building.
    Request Owner's contact information
    711 Kings Hwy Brooklyn, NY 11223
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    Brooklyn, NY 11223
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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
    711 Kings Hwy Brooklyn, NY 11223
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