Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 1259 St Marks Ave
- Property type
- Land
Description
This exceptional Crown Heights property presents a remarkable development opportunity. The 6,584 square foot lot, measuring 50' x 127.75', is zoned R6, allowing for the construction of a substantial 14,486 square foot residential building. Currently, a vacant 2,400 square foot residential structure sits on the site, minimizing demolition costs. Its enviable location is just half a mile from the Utica Avenue/Fulton Street subway station (A & C lines), providing easy access to Manhattan within 30 minutes. The property benefits from ample light and air due to its size and mid-block positioning, facilitating efficient floor plans. Low annual taxes of $2,741 further enhance its appeal. Situated in the highly desirable Crown Heights submarket, this land offers investors a compelling chance to capitalize on a thriving Brooklyn neighborhood. The property's dimensions and zoning regulations provide significant flexibility for a variety of residential development projects. This is a rare opportunity to acquire a large, well-located lot in a rapidly appreciating area.
Value Estimations
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AI approach
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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
- -73.9273
- Latitude
- 40.674
