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Property profile & analytics
OFF-MARKET
Retail space

1417 63rd St Brooklyn, NY 11219-5429

1,232 SF 0.12 ac lot Built 1960
Entity Owned Absentee Owner Free & Clear
Property ID
US63-2760023
Property summary
AI-generated overview

This exceptional 4,503 square foot lot at 1417 63rd Street in Brooklyn, NY (zip code 11219), presents a remarkable development opportunity. Located in the Bensonhurst/Boro Park area, this oversized lot measures 40x112 feet, offering significant potential. The property currently features a small, non-mortgageable metal shed. Its prime location and high Floor Area Ratio (FAR) of 2.4 for community uses allow for the construction of up to 12,112 square feet. Ideal uses include houses of worship, medical facilities, educational institutions, libraries, childcare centers, city/state organizations, or warehouse/import-export businesses. The property's convenient location offers easy access to public transportation, with proximity to the B train station and multiple bus stops. Given the limited availability of new land in this area, this represents a unique investment opportunity. This is a cash deal only. The property is situated in Kings County.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 1,232 SF
Lot 0.12 ac (5,047 SF)
Zoning code M1-1
APN 05734-0020
UPID US63-2760023
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
RED GARLAND REALTY CORP
RED GARLAND REALTY CORP
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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