121 Park Ave Brooklyn, NY 11205-2001
Property profile & analytics
121 Park Ave Brooklyn, NY 11205-2001
- Retail residential properties
- 2,676 SF
- 0.04 lot acres
Property ID
US63-2343010
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Park Avenue Funeral Home / Social Service Agency
- Power Plus Electric Inc / General Contractor
Property Details for 121 Park Ave
- Year built
- 1920
- Lot size
- 0.04 lot acres
- Property size
- 2,676 SF
- Zone code
- R6
- Property type
- Retail residential properties
- APN
- 02029-0053
- APU
- 20290053
Description
This exceptional mixed-use property at 121 Park Avenue in Brooklyn, NY, presents a compelling investment opportunity. The 2,676 square foot building, constructed in 1920, is currently 100% occupied by Park Avenue Funeral Home and features a unique blend of commercial and residential space. The ground floor comprises a front office, a chapel with attractive carpeting and 12-foot ceilings, and storage space. The lower level includes a lounge area, two half-bathrooms, and access to a backyard. Upstairs, a one-bedroom apartment boasts hardwood floors, a skylight in the kitchen, and abundant natural light. The apartment features a front bedroom, a dining room, a living room, a full kitchen, and a bathroom. The building's 19-foot wide frontage and R6 zoning offer significant redevelopment potential. With 1,885 square feet of available air rights, an investor could add two additional floors, transforming the property into a four-family mixed-use building. The current tenant, Park Avenue Funeral Home, occupies the commercial space, providing a stable income stream. The lot size is 1,805 square feet. This well-maintained property, with its exposed brick interior and attractive brick façade, is situated in Kings County, New York, 11205. The asking price is $3,200,000, translating to $1,195.81 per square foot. This presents a rare chance to acquire a valuable asset in a desirable Brooklyn location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,620,000
- 6.5%
- $1,495,000
- 7%
- $1,390,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,820,000 Current use
- OFFICE BUILDING
- $1,475,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9749
- Latitude
- 40.6965
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$21,649
$17,100
$209,700
$226,800
-
$38,000
$466,000
$504,000
