Current Use by Public Records
- Mixed-use properties
Property Details for 2743-2751 15Th St
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional mixed-use property, encompassing two contiguous tax lots totaling 9,505 square feet, presents a remarkable investment opportunity in the rapidly evolving Coney Island neighborhood of Brooklyn, New York. Situated at 2743-2751 West 15th Street, zip code 11224, this land parcel is zoned M1-2 (Co) and AE, offering unparalleled versatility for development. The property benefits from a 4.80 floor area ratio (FAR), unlocking the potential for up to 45,624 buildable square feet for a mixed-use project or community facility. Alternatively, a 2.00 FAR allows for the construction of a 19,010 square foot commercial asset or a mixed-use development, ideally suited to complement the influx of new luxury waterfront apartments. This location is experiencing unprecedented growth, with projections of nearly 3,700 new residential units anticipated between 2021 and 2025. The property's strategic location provides excellent connectivity via the D, F, N, and Q subway lines at the Coney Island-Stillwell Avenue station and the Belt Parkway, ensuring easy access for residents and businesses. This rare opportunity allows for the creation of much-needed community facility space to serve the burgeoning population of the area. The asking price for this exceptional property is $3,500,000.
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
- -73.9829
- Latitude
- 40.5807
