101 Blake Ave Brooklyn, NY 11212
This exceptional development opportunity presents three contiguous lots totaling approximately 14,500 buildable square feet at 101-109-113 Blake Avenue in Brooklyn's Brownsville neighborhood. The property boasts an impressive combined frontage of approximately 255 square feet along Saratoga Avenue, Blake Avenue, and Strauss Street, occupying an entire block front. Zoned R6 with a residential floor area ratio (FAR) of 2.43, this site offers significant potential for residential development. The asking price is $1,649,000, translating to $113.72 per square foot and $114 per square foot of land value. Conveniently located just two blocks from the 2 and 3 subway lines at the Saratoga Avenue station, this site benefits from excellent mass transit access. Nearby amenities include shopping and dining options on Pitkin and Rockaway Avenues, as well as First Response Urgent Care, Brookdale Hospital Center, Betsy Head Park, and Lincoln Terrace Park. Brownsville is experiencing a surge in new developments, primarily large mixed-use buildings incorporating residential, retail, and community spaces, making this a compelling investment opportunity. The lot size is 5,750 square feet.
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.