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    OFF-MARKET
    Commercial real estate

    16 Harrison Pl, Brooklyn, NY 11237

    Property ID
    US63-0061991
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US63-0061991
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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