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Property profile & analytics

139 Conover St Brooklyn, NY 11231

  • Commercial real estate
  • 0.32 lot acres
Value Estimation
$495,000
Last Sale
Jun 13, 2024
Location Intelligence
Property ID
US63-4255902
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 139 Conover St

Lot size
0.32 lot acres
Zone code
M2-1
Property type
Commercial real estate
APN
00555-0104
APU
5550104

Description

This exceptional 14,000 square foot commercial parking lot, located at 139 Conover Street in Brooklyn, New York, presents a unique investment opportunity. Situated in the heart of Red Hook, this single-tenant property boasts a highly desirable location, offering convenient access to the vibrant neighborhood and the broader New York City area. The lot is fully improved, featuring a paved surface, complete fencing, ample lighting, and clearly marked parking spaces, ensuring a safe and convenient experience for users. With a total capacity of 43 parking spaces, this property is ideal for a variety of uses, including commercial businesses, residential complexes, or event venues seeking convenient parking solutions. The lot is zoned M2-1, providing flexibility for potential future development. The property's size is 14,000 square feet, matching the lot size, and is identified by APN 555-104 in Kings County. Its strategic location and ready-to-use condition make this a truly exceptional opportunity for investors seeking a stable, high-demand asset in a rapidly growing area. The property is located in zip code 11231. This move-in ready lot offers immediate income potential and long-term growth prospects.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $520,000
  • CAP approach

    CAP return
    Estimation
    6%
    $430,000
    6.5%
    $390,000
    7%
    $455,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $395,000
    Geo Method
    $355,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $380,000
    Retail
    $510,000
    Mixed-Use
    $405,000
    Hospitality
    $465,000
    Educational
    $415,000
    Residential Income
    $445,000
    Energy
    $480,000
    Income-Based Land
    $370,000
    Food Service
    $435,000

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-74.0128
Latitude
40.6789
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$44,633
$634,050
$0.00
$634,050
-
$1,409,000
$0.00
$1,409,000
More about this property
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