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Property profile & analytics
OFF-MARKET
Land

1683 Union St Brooklyn, NY 11213

Property ID
Property summary
AI-generated overview

This exceptional 2,000 sq ft vacant lot at 1683 Union Street, Brooklyn, NY (zip code 11213), presents a remarkable development opportunity. Located on a desirable residential block in Kings County, this 20' x 100' property is zoned R4, allowing for the construction of a residential building. The R4 zoning permits a Floor Area Ratio (FAR) of 1.35 and a height limit of 35 feet, with a community facility allowance potentially adding up to 4,000 square feet. The lot's convenient location offers easy access to the 2, 3, and 4 subway lines, providing quick commutes to Manhattan and Downtown Brooklyn. The B46 bus also services the area. Nearby Eastern Parkway and Utica Avenue boast a variety of retail and dining options. The property's potential includes a single, two, or three-family building, with the possibility of a front yard or on-site parking. An attic allowance of up to 20% (approximately 540 sq ft) and a duplexed basement (approximately 2,000 sq ft) could significantly increase the total buildable square footage to an estimated 5,240 sq ft. The current assessment is $2,636 (20/21), and real estate taxes are $526.24. This prime location, coupled with the potential for substantial buildable space, makes this a highly attractive investment for developers seeking to capitalize on the strong demand for housing in this rapidly developing area of Brooklyn. The property is situated on the north side of Union Street, between Troy and Schenectady Avenues (Block 1395, Lot 48).

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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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