314 49Th St, Brooklyn, NY 11220
This exceptional 4,550 square foot land parcel presents a remarkable development opportunity in Brooklyn's vibrant Sunset Park neighborhood. Located at the highly desirable corner of 3rd Avenue and 49th Street, this property boasts 100 feet of frontage on 3rd Avenue, offering significant visibility and accessibility. The R6B zoning designation unlocks a wide range of potential development projects, aligning perfectly with the surrounding area's ongoing transformation. Noteworthy is the substantial development activity already present on every corner of this intersection, indicating a strong and growing market. This offering includes a unique package deal with the adjacent property at 318 49th Street, providing an even more compelling investment proposition. The asking price for this prime development site is $2,500,000. Situated in Kings County (Brooklyn), New York, with a zip code of 11220, this location offers easy access to major transportation routes and a wealth of amenities. The property's geographic coordinates are 40.6385229 latitude and -74.0153231 longitude. This is a rare chance to acquire a substantial piece of land in a rapidly appreciating area, ideal for both experienced developers and astute investors.
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
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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.