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    1302 83Rd St Brooklyn, NY 11228

    For Sale
    $598,800

    1,000 SF Office, Huge Potential

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 1,000 square foot commercial office space, located at 1302 83rd Street, Brooklyn, NY 11228, presents a unique investment opportunity in the heart of the prime Dyker Heights neighborhood. Currently planned for healthcare use, this versatile property offers significant potential for a variety of businesses, including adult care facilities, medical offices, nursing homes, professional offices, or after-school tutoring centers. The building boasts 11-15 foot ceilings and sits on an 8,400 square foot lot. Expansion is possible, with the potential to connect to the adjacent property, increasing the total square footage to 2,300. The property benefits from a common charge that includes water and a significant 25-year tax abatement, making it a financially attractive proposition. This Kings County location offers easy access to major transportation routes and is situated within a thriving and densely populated residential area. The property's adaptability and prime location make it an ideal investment for savvy entrepreneurs and investors seeking a strong return. The asking price is $598,800. Serious inquiries only.

    Property Features for 1302 83Rd St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,000 SF

    HighLights

    • $598,800 asking price.
    • 1,000 square foot office building.
    • Located in the prime Dyker Heights neighborhood of Brooklyn, NY.
    • 8,400 square foot lot.
    • 11‑15 foot ceiling height.
    • Potential for expansion up to 2,300 square feet.
    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
    -74.0119834
    Latitude
    40.61545

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    FAQs

    What type of property is this?
    Office Property / Space - 1,000 SF Office, Huge Potential
    Where is this office property / space located?
    The property is located at 1302 83Rd St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $598,800.
    What are key features of this property?
    This property features: $598,800 asking price.; 1,000 square foot office building.; Located in the prime Dyker Heights neighborhood of Brooklyn, NY.
    Request Owner's contact information
    1302 83Rd St Brooklyn, NY 11228
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    Brooklyn, NY 11228
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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
    1302 83Rd St Brooklyn, NY 11228
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