17 Lacon Ct, Brooklyn, NY 11229
This exceptional 48,974 square foot waterfront property in Gerritsen Beach, Brooklyn, presents a unique development opportunity. Located at 17 Lacon Ct and 37-43 Joval Ct, the land is zoned R3A/C3A, allowing for a diverse range of projects. The site boasts 29,384 square feet zoned for residential development under R3A guidelines, and an additional 19,590 square feet zoned C3A, suitable for commercial or recreational waterfront uses. This dual zoning allows for creative development plans, potentially including the construction of up to twelve waterfront homes, each with private dock access, or the incorporation of a senior center or other waterfront recreational facilities. The asking price is $3,500,000, translating to a land value of $71 per square foot. Seller financing is available. The property's location in desirable Gerritsen Beach offers stunning waterfront views and easy access to various amenities. Detailed plans should be confirmed with an architect to fully explore the development potential of this remarkable site. The property's size and zoning provide significant flexibility for a variety of development projects, making it an attractive investment opportunity. The address is 17 Lacon Ct & 37-43 Joval Ct, Brooklyn, NY 11229.
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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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.