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Property profile & analytics
OFF-MARKET
Land

1259 St Marks Ave Brooklyn, NY 11213

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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