16 Harrison Pl, Brooklyn, NY 11237
This exceptional 2,210 square foot vacant commercial lot, located at 16 Harrison Place in the vibrant East Williamsburg section of Brooklyn, New York, presents a unique investment opportunity. Zoned M1-2, this property boasts a 2.0 Floor Area Ratio (FAR), allowing for a substantial 4,420 square foot buildable commercial project. Measuring 25 feet wide by 88.42 feet deep, the lot is ideally suited for a variety of uses, including parking, outdoor storage, or the development of retail, office, or warehouse space. Its strategic location places it within a thriving neighborhood known for its creative businesses, diverse culinary scene, and vibrant nightlife. Nearby, major companies like Netflix and Rivian have recently established a presence, underscoring the area's growing appeal. The property's proximity to the Morgan Avenue L train station (half a block away) ensures excellent accessibility and convenient transportation links. This is a rare chance to acquire a well-positioned lot in a rapidly developing area with significant potential for future growth. The asking price is $795,000. The property is situated in Kings County, New York, zip code 11237.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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