423 99Th St Brooklyn, NY 11209
- Warehouses
- 23,585 SF
- 1.48 lot acres
Current Use by Public Records
- Warehouses
Property Details for 423 99Th St
- Year built
- 1978
- Lot size
- 1.48 lot acres
- Property size
- 23,585 SF
- Zone code
- M1-1
- Property type
- Warehouses
- APN
- 08132-0030
- APU
- 81320030
Description
This exceptional 5,000-square-foot lot presents a remarkable development opportunity in the highly desirable Bay Ridge neighborhood of Brooklyn, New York. Located at 423 99th Street, this 50x100 lot is zoned to allow for the construction of two brand new two-family homes, providing significant potential for substantial returns. Alternatively, the existing fully detached home on the property could be restored and rebuilt. The property boasts a significant advantage with its own extra-wide private driveway and a three-car garage, offering eight private parking spaces. Its prime location offers unparalleled convenience, situated steps away from various transportation options, shopping centers, and an array of essential amenities. This prized piece of real estate in a sought-after Brooklyn neighborhood is priced competitively for the current market, making it an exceptional investment opportunity for builders, developers, investors, or end-users seeking to capitalize on its immense potential. The property is located in Kings County (Brooklyn), NY, zip code 11209, and is listed at $1,495,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $910,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,050,000
- 6.5%
- $1,115,000
- 7%
- $1,105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $910,000
- Geo Method
- $1,195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $895,000
- Retail
- $1,055,000
- Mixed-Use
- $1,040,000
- Hospitality
- $1,015,000
- Educational
- $975,000
- Residential Income
- $910,000
- Energy
- $905,000
- Income-Based Land
- $1,135,000
- Food Service
- $980,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9051
- Latitude
- 40.6509
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
