Property summary
This 2,000 square foot lot, located at 1174 Bay Ridge Avenue in Brooklyn, New York, 11219, presents a unique investment opportunity. Currently utilized as an oversized backyard with two detached garages for a neighboring property at 6906 12th Ave, Brooklyn, NY 11228 (MLS #484509), this R5B zoned residential land offers significant potential. The property's prime Dyker Heights-Bensonhurst location provides easy access to a wealth of amenities, including numerous schools (P.S. 69, P.S. 127, P.S. 176, I.S. 187, I.S. 201, I.S. 259), parks (Leif Ericson Park, Patrick O’Rourke Playground, McKinley Park, Kathy Reilly Triangle, Dyker Beach Golf Course), and various shops and businesses along 11th and 13th Avenues. Convenient public transportation is readily available via the B1, B4, B9, B16, B64, and B70 bus routes. The asking price for this exceptional property is $799,000. This represents a chance to acquire a valuable piece of land in a highly desirable Brooklyn neighborhood with potential for various development options. The lot dimensions are 20 x 100 feet. The property is zoned for residential use under R5B designation.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R5B · Brooklyn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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