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    OFF-MARKET
    Land

    824 49Th St, Brooklyn, NY 11220

    1,150 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land parcel, located at 824 49th Street in the vibrant Kings County borough of Brooklyn, New York, presents a unique investment opportunity. The property boasts a total lot size of 1,950 square feet and is zoned for commercial use. The asking price is $750,000. While the existing structures are not extensive, the property includes a walk-in space of approximately 450 square feet and a 700 square foot basement area, offering immediate potential for various commercial ventures. The four-story building height allows for significant development possibilities. The property's strategic location in Brooklyn, NY 11220, places it in close proximity to public transportation and a variety of restaurants, ensuring high visibility and accessibility for any business. The 1,150 square feet of existing building space, combined with the substantial lot size, provides ample room for expansion or redevelopment. This property is ideal for entrepreneurs seeking a high-traffic location to establish their business or for investors looking for a promising development project in a thriving Brooklyn neighborhood. The ceiling height is noted as "Other," requiring further investigation for specific development plans. This is a rare opportunity to acquire a commercial property in a prime Brooklyn location. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Total area 1,150 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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