Property summary
This exceptional 10,000 square foot commercial lot presents a unique investment opportunity in the vibrant Brooklyn, New York market. Located at 2223-2231 Utica Avenue, near Avenue O, and boasting a C8-1 zoning classification, this property offers significant development potential. The expansive lot, measuring approximately 100 feet by 100 feet, is currently vacant and ready for immediate development. The property is designated as single-tenant, providing flexibility for a variety of commercial uses. Kings County tax records indicate an annual tax cost of $25,000. The site's existing structure, a 30 x 35 foot office building, could be incorporated into a larger development plan or removed to maximize the buildable area. This location in Brooklyn offers easy access to major transportation routes and a thriving commercial environment. The property's size and zoning make it ideal for a wide range of commercial projects, from retail spaces to office buildings, presenting a compelling opportunity for investors seeking a high-impact development project in a prime Brooklyn location. The zip code is 11234. This is a rare opportunity to acquire a substantial commercial lot in a rapidly developing area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C8-1 · Brooklyn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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