Property profile

347 78Th St 65 Brooklyn, NY 11209

FOR SALE
Commercial land
Property ID
US63-1229087
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Property summary

AI-generated overview

A massive land in the heart of Bay Ridge. This a fantastic opportunity! Being sold as a package deal with MLS#480269 - 343 78th Street can sell together as a package deal asking $4.5M. Both Property together consist of a 57x109 lot. Building size is currently 27.5 wide by 109.33 long. Can be sold together or sold separately. R4A zoning allows for bigger opportunities in the future on the empty lot. High traffic area near Bay Ridge's 3rd and 4th Avenue shopping and restaurants. Perfect for investors, developers, 1031 exchange. Please call for more info and details.

Property profile

Verified
Property type Commercial land
UPID US63-1229087

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

347 78Th St, Unit 65 Brooklyn, NY 11209
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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