139 Conover St Brooklyn, NY 11231
- Commercial real estate
- 0.32 lot acres
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
-
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