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    FOR SALE
    Retail space

    3485 Fort Hamilton Pkwy, Brooklyn, NY 11218

    1,800 SF 0.07 ac lot Built 1931
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US63-3795660
    Property summary
    AI-generated overview

    This exceptional package deal presents a rare opportunity for developers and investors. Located in the highly desirable Kensington/ Boro Park neighborhood of Brooklyn, New York, this property encompasses two parcels totaling 5,105 square feet, zoned C8-2. The combined lot size offers significant buildable square footage, presenting tremendous development potential. One parcel features a two-story commercial building (20x102 lot) with two commercial units, office space over a warehouse. The second parcel (30x102 lot) includes a one-story commercial retail building/garage (30x60 building size). This prime location in a sought-after Brooklyn neighborhood makes this a once-in-a-lifetime opportunity to capitalize on the Brooklyn building boom. The asking price for this exceptional package is $2,495,000. The address is 3485 Fort Hamilton Parkway, Brooklyn, NY 11218. This property is ideal for those seeking substantial development potential in a thriving Brooklyn community. Don't miss this chance to acquire a prized piece of real estate in one of Brooklyn's most premier neighborhoods.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1931
    Total area 1,800 SF
    Lot 0.07 ac (3,063 SF)
    Zoning code C8-2
    APN 05302-0029
    UPID US63-3795660
    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
    Current use
    Occupant on record · Public records
    • 5 Stars Awnings & Signs Inc . Building Supply Hardware & Home Improvement
    • Quality Awnings Building Supply Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $998k
    Blend (final) Blend
    $735k
    Owner & transaction history
    3485 Ft Hamilton Assocs LLC · 6 yrs held
    3485 Ft Hamilton Assocs LLC
    since 2019
    5 recorded transactions
    2019
    2016
    1969
    1969
    1969
    Zoning & alternative use
    C8-2 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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