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    FOR SALE
    Auto shops

    3605 Fort Hamilton Pkwy, Brooklyn, NY 11218

    1,100 SF 0.07 ac lot Built 1931
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US63-1677691
    Property summary
    AI-generated overview

    This exceptional 11,950-square-foot medical office building presents a unique investment opportunity in the heart of Brooklyn's Boro Park neighborhood. Located at 3605 Fort Hamilton Parkway, this single-unit property boasts a prominent corner location with 243 feet of frontage on a high-traffic thoroughfare. The building sits on an 11,950-square-foot lot and is zoned M1-2, offering significant potential for development. While the existing building comprises 11,000 square feet, the zoning allows for a substantial increase in buildable square footage, with an estimated 23,000 square feet of commercial buildable space and an approximate 57,360 square feet community bonus. This prime location is ideal for a variety of uses, including yeshivas, offices, and medical facilities, making it an attractive proposition for investors seeking a high-return opportunity in a thriving Brooklyn community. The property's size and zoning regulations present a compelling case for expansion or redevelopment, capitalizing on the area's strong demand for commercial space. This is a rare chance to acquire a significant property in a highly desirable location with substantial upside potential.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1931
    Total area 1,100 SF
    Lot 0.07 ac (3,040 SF)
    Zoning code M1-2
    APN 05292-0028
    UPID US63-1677691
    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
    • VIP Car Care Center Auto Repair Shop
    • Memo Auto Repair Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.40M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.65M
    Owner & transaction history
    Fort 36 Realty Corp · 5 yrs held
    Fort 36 Realty Corp
    since 2020
    Last sale
    $2.5M
    3 recorded transactions
    2020
    $2.5M
    2018
    2006
    Zoning & alternative use
    M1-2 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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