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Property profile

1238 63rd St Ste C101 Brooklyn, NY 11219

OFF-MARKET
Office Spaces
Property ID
US63-0810871
View Sample
1,070 SF Built 2019
Entity Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional commercial land parcel, located at 1238 63rd Street CF107 in Brooklyn, New York, presents a unique investment opportunity. Spanning 48,699 square feet, this property offers significant potential for a variety of commercial ventures. The site features a brand new building with a 4,512 square foot unit, boasting two convenient entrances. Its versatile design makes it suitable for a wide range of uses, including senior centers, home healthcare facilities, medical offices, training centers, non-profit organizations, or even a children's playground. The property's strategic location within the vibrant Dyker Heights neighborhood offers easy access to essential amenities. Nearby supermarkets, restaurants, and shopping centers cater to the needs of both businesses and residents. Public transportation is readily available, with convenient access to the N/D subway line and B9/B64 bus routes. Furthermore, the property benefits from its proximity to excellent public schools, including PS176, IS187, and PS227, making it an attractive location for businesses serving families. This mixed-use complex, situated in the heart of Dyker Heights, is part of a larger development with 146 residential units, ensuring a built-in customer base and high visibility. The unit features ceilings ranging from 11 to 15 feet. The asking price for this remarkable property is $2,399,000. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Brooklyn neighborhood.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2019
Total area 1,070 SF
Zoning code R5B
APN 05739-1370
UPID US63-0810871

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Condominium Complex
  • Department Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

R5B · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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