259 53Rd St Brooklyn, NY 11220
- Auto shops
- 0.04 lot acres
Current Use by Public Records
- Auto shops
Property Details for 259 53Rd St
- Lot size
- 0.04 lot acres
- Zone code
- M12D
- Property type
- Auto shops
- APN
- 00805-0059
- APU
- 8050059
Description
This exceptional 1,703 square foot vacant industrial lot, located at 259 53rd Street in Brooklyn, New York, presents a prime investment opportunity. The property is situated in Sunset Park's thriving industrial neighborhood and boasts an M1-2D zoning designation. Measuring 17 feet wide by 100.17 feet deep, this lot offers significant potential for development. Its strategic location provides easy access to key transportation arteries, including the 53rd Street ("N, R, W") subway station just 1.5 blocks away, and the 4th Avenue retail corridor, also 1.5 blocks distant. Furthermore, the property enjoys convenient proximity to the I-278/Gowanus Expressway, located approximately 0.7 miles away. The asking price for this exceptional property is $750,000. This represents a compelling opportunity to acquire a well-positioned industrial lot in a rapidly developing area of Brooklyn. The Kings County address and 11220 zip code further highlight its desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $280,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $285,000
- Mixed-Use
- $260,000
- Hospitality
- $240,000
- Educational
- $320,000
- Residential Income
- $255,000
- Energy
- $255,000
- Income-Based Land
- $280,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.017
- Latitude
- 40.6467
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
