24 Belmont Ave Brooklyn, NY 11212
This exceptional 7,500 square foot mixed-use property at 24 Belmont Avenue in Brooklyn, NY presents a remarkable development opportunity. Situated on a 0.06-acre corner lot in a high-traffic commercial area, this property is zoned C4-3, offering unparalleled versatility. Architect-approved plans are included, detailing a four-story building designed to maximize its potential. The ground floor envisions four storefronts, supported by ample basement storage. The second floor is ideally suited for a restaurant or bar, while the third floor provides a spacious banquet hall perfect for events. A community hall occupies the fourth floor, catering to gatherings, meetings, and workshops. The rooftop offers additional open-air space, suitable for private events or a rooftop lounge. This prime location ensures excellent visibility and accessibility, making it an ideal investment for developers and business owners seeking to capitalize on a thriving commercial district. The property's strategic positioning and comprehensive plans create a unique opportunity to develop a dynamic and profitable mixed-use building in a highly desirable Brooklyn neighborhood. Don't miss this chance to acquire a truly exceptional investment property. The asking price is $2,200,000.
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
C4-3 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
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.