5335 Kings Hwy Brooklyn, NY 11203
- Automotive properties
- 2,226 SF
- 0.29 lot acres
Current Use by Public Records
- KING MAL USED CAR AND TRUCK CENTER / Used Car Dealer
- Rubber Bros Auto World / Used Car Dealer / Car Dealer
Property Details for 5335 Kings Hwy
- Year built
- 1931
- Lot size
- 0.29 lot acres
- Property size
- 2,226 SF
- Zone code
- M1-1
- Property type
- Automotive properties
- APN
- 07949-0033
- APU
- 79490033
Description
This exceptional 12,000 square foot commercial lot, located at 5335 Kings Highway in Brooklyn, New York, presents a remarkable investment opportunity. Zoned M1-1, this property boasts significant potential for a variety of commercial uses. Currently generating a monthly rental income of $15,000, the property's existing configuration includes a repair shop, a substantial office space, and a used car dealership. The property's size and prime location in the desirable East Flatbush area offer substantial upside potential for future development or continued operation as a multi-use commercial space. The asking price is $125,000. The lot's dimensions provide ample space for expansion or redevelopment, catering to a wide range of business ventures. This is a rare opportunity to acquire a well-established, income-producing commercial property in a thriving Brooklyn neighborhood. The property is situated in Kings County (Brooklyn), NY, 11203, with GPS coordinates 40.6388888 latitude and -73.9254422 longitude. Serious inquiries are encouraged. All offers will be considered.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $345,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $340,000
- Mixed-Use
- $335,000
- Hospitality
- $325,000
- Educational
- $345,000
- Residential Income
- $370,000
- Energy
- $320,000
- Income-Based Land
- $395,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9255
- Latitude
- 40.6389
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
