3033 Avenue V Brooklyn, NY 11229
- Retail properties
- 12,500 SF
- 20,000.00 lot acres
Current Use by Public Records
- Sofia pizza / Pizza Restaurant
- Sofia Pizza II / Italian Restaurant
Property Details for 3033 Avenue V
- Lot size
- 20,000.00 lot acres
- Property size
- 12,500 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 20-acre Kings County property offers a unique redevelopment opportunity. Currently featuring a 12-unit, cash-flowing retail strip with flexible lease terms, the site boasts 12,500 square feet of existing retail space and is zoned R7D/C2-4, allowing for an impressive 112,000 buildable square feet. Preliminary plans envision a mixed-use development with 109 apartments above ground-floor retail and below-grade parking. The 400-foot linear frontage on Avenue V in Sheepshead Bay provides exceptional visibility and access. This location benefits from proximity to established retailers like Aldi and Blink Fitness, ensuring strong tenant demand and potential for significant returns. The asking price is $15,500,000. This covered land opportunity presents a compelling investment for developers seeking a high-density, mixed-use project in a thriving Brooklyn neighborhood. The existing retail strip provides immediate cash flow while the substantial buildable area allows for a large-scale development. Detailed financial information and pricing guidance are available upon request. The property address is 3033 Avenue V, Brooklyn, NY 11229.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9369
- Latitude
- 40.5988
