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    OFF-MARKET
    Land

    832 40Th St, Brooklyn, NY 11232

    3,239 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land parcel, located at 832 40th Street in Brooklyn, New York, presents a compelling investment opportunity. The property encompasses a sizable 2,504 square foot lot and features two separate units, ideal for diverse commercial ventures. One unit boasts 1,770 square feet of space, while the second unit offers 1,469 square feet. The total buildable area across both units is 3,239 square feet. The property's zoning allows for a variety of commercial uses, making it suitable for a range of businesses. Annual property taxes for the larger unit are $4,578, while the smaller unit's annual taxes are $3,800. This prime location in the vibrant Kings (Brooklyn) County, with a zip code of 11232, offers excellent accessibility and visibility. The asking price for this exceptional investment property is $1,580,000. The unique configuration of the property, combined with its strategic location and attractive price point, makes this an exceptional opportunity for savvy investors seeking a strong return on their investment. The ceiling height is noted as "Other," requiring further clarification. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Total area 3,239 SF
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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