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    OFF-MARKET
    Commercial real estate

    2822 Brown St, Brooklyn, NY 11235

    560 SF
    Property ID
    US63-3830254
    Property summary
    AI-generated overview

    This exceptional 4,126 square foot lot, located at 2822 Brown Street in the heart of Sheepshead Bay, Brooklyn, New York (zip code 11235), presents a unique opportunity for builders, investors, and developers. Priced at $699,000, the property includes a one-story bungalow shell, offering a solid foundation for a new construction project. The lot's size allows for the development of a one to three-family residential building, catering to a variety of development plans. Sheepshead Bay is a vibrant waterfront community known for its recreational activities, including fishing and walking along Emmons Avenue. The area boasts numerous yacht clubs and condominiums, reflecting its attractive residential character. This resilient neighborhood is experiencing growth and positive development, as evidenced by initiatives launched by the Department of City Planning, including recommendations for zoning and land use updates. The property offers ample parking with three spaces. Aerial views and drone video are available upon request. This is a chance to be part of Sheepshead Bay's continued prosperity. The existing bungalow shell is viewable on the property. Don't miss this chance to build in a desirable Brooklyn location.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 560 SF
    UPID US63-3830254
    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
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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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