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    OFF-MARKET
    Commercial real estate

    2740 23Rd St, Brooklyn, NY 11235

    1,534 SF
    Property ID
    US63-0798845
    Property summary
    AI-generated overview

    This exceptional 2,056 sq ft lot at 2740 East 23 Street, Brooklyn, NY 11235, presents a compelling development opportunity in the desirable Sheepshead Bay neighborhood. Currently featuring a two-bedroom, one-and-a-half-bathroom house with a deck and large backyard, the property offers significant potential for redevelopment. The existing structure, spanning 1,534 square feet across two stories, provides a solid foundation for various projects. The lot's zoning allows for the construction of a multi-family dwelling, with a maximum buildable square footage of 3,042 SF and a FAR of .38 (potentially .75). This prime location boasts convenient access to shopping, restaurants, bars, and public transportation, including subway and bus lines. The property's proximity to Ocean Avenue and Sheepshead Bay Road adds to its appeal. Investors and developers will appreciate the potential to capitalize on the area's strong demand for residential units. The aerial drone video and tax map provide a comprehensive overview of the property and its surroundings. This is an excellent chance to acquire a substantial lot in a thriving Brooklyn neighborhood. Serious inquiries are encouraged to explore the possibilities of this remarkable development opportunity.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 1,534 SF
    UPID US63-0798845
    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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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