1417 63rd St Brooklyn, NY 11219-5429
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1-1 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.