Property summary
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
VerifiedCap rate & NOI
Current use
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General Contractor Renovation Specialist
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Condominium Complex
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Department Store
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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