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    OFF-MARKET
    Land

    1726 Shore Pkwy, Brooklyn, NY 11214

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    Property summary
    AI-generated overview

    This exceptional 13.3+/- acre (579,348+/- sq ft) waterfront property in Brooklyn, NY, presents a unique investment opportunity. Situated on Gravesend Bay, this riparian land boasts 350 feet of frontage and offers access via a 20+ foot right-of-way off Shore Parkway Service Road (Lief Erikson Drive) and a potential secondary access point on 24th Avenue (Denyse's Lane). Water depths range from six to twenty feet at mean low water. The property is zoned M3-1 and is designated as an Opportunity Zone under the 2017 Tax Reform Act, providing significant tax advantages. A lease term of up to 35 years is available, with annual rent quoted. This prime location in the Bensonhurst section of Kings County offers unparalleled potential for various commercial and industrial uses. The property's size and waterfront access make it ideal for a wide range of development projects. Serious inquiries are encouraged to explore this remarkable opportunity to acquire a substantial piece of New York City's outer harbor. The property is suitable for single-tenant occupancy.

    Property profile
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    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
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    Permitted uses
    Allowed · conditional · prohibited
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