1720 Sheepshead Bay Rd, Unit 28 Brooklyn, NY 11235-3605
Property profile & analytics
1720 Sheepshead Bay Rd, Unit 28 Brooklyn, NY 11235-3605
- Investment properties
- 37,363 SF
- 0.56 lot acres
Property ID
US63-0848971
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 24 hours fitness / Gym & Fitness Center
- La fitness sheephadbay road / Gym & Fitness Center
- LibertyX Bitcoin ATM / Atm
- Deli cafe & juice bar / Food Market / Restaurant
- Ufc gym / Gym & Fitness Center
Property Details for 1720 Sheepshead Bay Rd
- Year built
- 1927
- Lot size
- 0.56 lot acres
- Property size
- 37,363 SF
- Zone code
- R4
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 08770-0013
- APU
- 87700013
Description
This exceptional three-story commercial property, located at 1720 Sheepshead Bay Road in Brooklyn, NY (zip code 11235), presents a unique investment opportunity. Boasting a total of 37,363 square feet on a 20,590 square foot lot, this property features four units currently occupied by a diverse mix of tenants including a restaurant, convenience store, hair salon, and a large fitness center. The ground floor encompasses 8,000 square feet, housing the restaurant, convenience store, and hair salon. The fitness center occupies 14,000 square feet on the ground level, and an additional 20,000 square feet on the second floor and 6,500 square feet on the third floor, totaling 40,500 square feet and potentially available vacant. Ceiling heights range from 11 to 20 feet. The building benefits from a highly visible location directly off Exit 8 of the Belt Parkway westbound, providing excellent marketing potential. Its proximity to the B/Q Sheepshead Bay train station, a large municipal parking lot, and a bus stop further enhances its accessibility and appeal. Two convenient entrances, one on Sheepshead Bay Road and another on Shore Parkway North, serve the property. The asking price for this remarkable investment opportunity is $16,500,000. Proof of funds or a bank pre-qualification letter is required before scheduling a viewing.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,380,000
- ML approach
- $9,185,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,687,000
Market price range: $3.65M - $6.87M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.952
- Latitude
- 40.5854
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$260,808
$499,950
$2,331,000
$2,830,950
-
$1,111,000
$5,180,000
$6,291,000
