117 Osborn St, Brooklyn, NY 11212
For Sale
1 / 4
This exceptional 2,500 square foot commercial and residential land parcel, located at 117 Osborn Street in Brooklyn, NY 11212 (APN: 03524 0008), presents a unique investment opportunity. Zoned R7A/C2-4/MIH, this property offers significant development potential. The asking price is $999,000. The lot is situated in Kings County and benefits from its location within an Opportunity Zone and Qualified Census Tract (QCT). This site allows for the transfer of air rights from an adjacent church, significantly enhancing development possibilities. The church, while not included in this listing, offers additional potential for a combined development project. The property's location provides access to various amenities and transportation options. The approved retail space with a basement kitchen in the adjacent church further enhances the potential for mixed-use development. This block-through property offers a rare chance to create a substantial project. The potential for conversion and prime development opportunities makes this a highly attractive investment. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C4-3 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.