1302 83Rd St, Brooklyn, NY 11228
This exceptional commercial land parcel, located at 1302 83rd Street #002 in the desirable Dyker Heights neighborhood of Brooklyn, New York (zip code 11228), presents a unique investment opportunity. The property boasts a newly constructed (2024) building encompassing 1,300 square feet on an 8,400 square foot lot. The building features ceiling heights ranging from 11 to 15 feet, providing ample space and flexibility for a variety of uses. Currently planned for healthcare, the property's zoning allows for diverse applications, including adult care facilities, medical offices, nursing homes, professional offices, or after-school tutoring centers. Expansion potential exists, with the possibility of connecting to the adjacent property to increase the total square footage to 2,300 square feet. The asking price is $698,800. Significant long-term cost savings are anticipated through a 25-year tax abatement, and common charges include water. This prime location in the heart of Dyker Heights offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a versatile commercial property with substantial upside potential. The property is situated in Kings County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.