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    Investment properties

    1705 Saint Johns Pl, Brooklyn, NY 11233-4905

    3,500 SF 0.04 ac lot Built 1920
    Entity Owned Free & Clear
    Property ID
    US63-3007859
    Property summary
    AI-generated overview

    This exceptional three-story mixed-use property in Brooklyn, NY, presents a compelling investment opportunity. Located at 1705 Saint Johns Pl, this 3,500 square foot building boasts a 1,300 square foot commercial storefront on the ground level and two spacious residential units (2,200 sq ft total) above, offering multiple income streams. The 1,532 square foot lot (20 ft frontage, 55 ft depth) features a freestanding masonry structure built in 1920, retaining classic Brooklyn architectural charm. Zoned R6, this property allows for various residential and mixed-use possibilities, and its Tax Class 1 designation offers lower tax obligations. Its prime corner location near Ralph Avenue and Howard Avenue ensures high foot traffic and excellent visibility. Conveniently situated in the rapidly growing Ocean Hill/Bedford-Stuyvesant neighborhood, it benefits from proximity to A, C, J, Z, and L subway lines, multiple bus routes, and local businesses, parks, and shopping centers. The property is zoned for NYC Geographic District #17, with P.S. 191 nearby. Importantly, it has no landmark restrictions, is not in a flood zone, and presents no zoning conflicts. An application is currently being submitted with the New York State Attorney General’s Charities Bureau. This property is ideal for non-profit organizations, investors, business owners, and homeowners seeking a lucrative and strategically located asset.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1920
    Total area 3,500 SF
    Lot 0.04 ac (1,532 SF)
    Zoning code R6
    APN 01470-0047
    UPID US63-3007859
    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
    TEMPLE CHURCH CHRIST DISCIPLES CHRIST INC
    TEMPLE CHURCH CHRIST DISCIPLES CHRIST INC
    Zoning & alternative use
    R6 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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