47 Rochester Ave Brooklyn, NY 11233
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 47 Rochester Ave
- Property type
- Commercial real estate
Description
This exceptional 1,224 square foot residential lot, located at 47 Rochester Avenue in Brooklyn, Kings County, New York (zip code 11233), presents a remarkable development opportunity. Zoned R6B, this 25-foot wide vacant lot offers a substantial 2,448 buildable square feet, allowing for the construction of a five-story apartment building. The design could accommodate five spacious floor-through apartments or ten two-bedroom units, catering to a high demand for housing in this vibrant area. The property's strategic location, just two blocks from the J and Z subway lines at Fulton Street and Van Siclen Avenue, provides convenient access to Downtown Brooklyn and the broader city. Furthermore, its proximity to Atlantic and Liberty Avenues places it within easy reach of a diverse array of shops and restaurants. This locally owned property is priced at $500,000 and represents a compelling investment for developers seeking to capitalize on the strong rental market and excellent transit connectivity of this desirable Brooklyn neighborhood. The latitude and longitude coordinates are 40.6775561, -73.9272546.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9272546
- Latitude
- 40.6775561
