2725 11Th St Brooklyn, NY 11235
- Gas stations
- 360 SF
- 0.05 lot acres
Current Use by Public Records
- Gas stations
Property Details for 2725 11Th St
- Year built
- 1800
- Lot size
- 0.05 lot acres
- Property size
- 360 SF
- Zone code
- R6
- Property type
- Gas stations
- APN
- 08762-0046
- APU
- 87620046
Description
This exceptional 7,111 square foot development site presents a unique opportunity in the highly desirable area bordering Sheepshead Bay and Brighton Beach in Brooklyn, New York. Conveniently located next to the Belt Parkway exit, this property offers unparalleled accessibility. The lot, measuring 60x120 feet, boasts excellent visibility with exposure on three out of four corners. This combined parcel comprises three individual addresses: 2725 East 11th Street, 2729 East 11th Street, and 1113 Blake Court. The property is zoned R6/OP, allowing for significant development potential. Residential Floor Area Ratio (FAR) is 3, while Community Facility FAR is 4.8. Prospective buyers should consult with their own architect to determine the exact buildable square footage. The asking price for this prime development land is $3,900,000. Serious inquiries only; please submit offers with proof of funds.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $970,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $990,000
- 6.5%
- $945,000
- 7%
- $865,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,115,000
- Geo Method
- $1,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $985,000
- Retail
- $1,065,000
- Mixed-Use
- $1,080,000
- Hospitality
- $895,000
- Educational
- $830,000
- Residential Income
- $1,055,000
- Energy
- $1,090,000
- Income-Based Land
- $830,000
- Food Service
- $1,135,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9588
- Latitude
- 40.5845
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
