1705 Saint Johns Pl, Brooklyn, NY 11233-4905
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.
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
R6 · 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.