395 Elton St Brooklyn, NY 11208
- Auto shops
- 0.04 lot acres
Current Use by Public Records
- Auto shops
Property Details for 395 Elton St
- Lot size
- 0.04 lot acres
- Zone code
- R7A
- Property type
- Auto shops
- APN
- 04018-0009
- APU
- 40180009
Description
This exceptional 4,050 square foot lot, located at 395 Elton Street in Brooklyn, New York (zip code 11208), presents a prime development opportunity in the rapidly growing East New York neighborhood. The property boasts a total of 10,012 buildable square feet and features 45 feet of frontage along Elton Street. Its strategic location offers excellent proximity to the vibrant Pitkin Avenue retail corridor and is a short walk from the Shepherd Avenue "C" subway station, ensuring convenient access for future residents or tenants. The property is zoned R7A, R5, C2-4, and EC-5 (Block: 04018; Lot: 0008, 0009), providing flexibility for a variety of development projects. This is an exceptional chance to acquire a well-situated lot in a high-demand area of Brooklyn, where residential rents have shown consistent strength and growth. The asking price for this remarkable property is $1,350,000. Don't miss this chance to capitalize on the potential of this prime East New York location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $270,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $265,000
- Mixed-Use
- $265,000
- Hospitality
- $285,000
- Educational
- $275,000
- Residential Income
- $330,000
- Energy
- $275,000
- Income-Based Land
- $300,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.8831
- Latitude
- 40.6734
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
