6623 Fort Hamilton PkwyBrooklyn, NY 11219

Property Details for 6623 Fort Hamilton Pkwy

Year built

1935

Lot size

0.12 AC

Property size (Sq ft)

24,001 SF

Zone code

R6B

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

05757-0035

APU

57570035

Description

This exceptional mixed-use property, located at 6623 Fort Hamilton Parkway in Brooklyn, New York, presents a compelling investment opportunity. The building comprises 27 residential units and two commercial storefronts, offering a diverse income stream. Situated directly across from Leif Ericson Park, this location benefits from high visibility and strong pedestrian traffic. The property is being offered as-is, presenting a unique chance for an investor to capitalize on its significant upside potential. The asking price is $4,999,999. While the precise square footage is currently unavailable, the substantial number of units and commercial spaces indicates a considerable building size. This property is ideal for an investor seeking a large-scale project with immediate income generation and long-term growth prospects in a desirable Brooklyn neighborhood. The zip code is 11219, and the property's coordinates are 40.6296086 latitude and -74.0104409 longitude. The county is 36047. The seller is motivated to finalize a sale, making this an attractive opportunity for a quick and potentially lucrative transaction. This is a rare chance to acquire a significant multi-unit property in a prime Brooklyn location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,920,422

  6.5%

  $4,541,928

  7%

  $4,217,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,860,754

  Geo Method

  $4,860,754

• Alternative Use

  Use

  Valuation

  Residential

  $4,541,928

  Hospitality

  $4,160,382

  Educational

  $3,461,389

  Medical

  $3,580,431

  Retail

  $5,384,382

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6296

Longitude

-74.0103

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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