1259 St Marks Ave Brooklyn, NY 11213
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.
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Isalis (Bike/Boat/Book/etc) Store
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Party City Party Supply Store (Bike/Boat/Book/etc) Store
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Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
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Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.