Property summary
This exceptional 12,000 square foot commercial lot, located at 5335 Kings Highway in Brooklyn, New York, presents a remarkable investment opportunity. Zoned M1-1, this property boasts significant potential for a variety of commercial uses. Currently generating a monthly rental income of $15,000, the property's existing configuration includes a repair shop, a substantial office space, and a used car dealership. The property's size and prime location in the desirable East Flatbush area offer substantial upside potential for future development or continued operation as a multi-use commercial space. The asking price is $125,000. The lot's dimensions provide ample space for expansion or redevelopment, catering to a wide range of business ventures. This is a rare opportunity to acquire a well-established, income-producing commercial property in a thriving Brooklyn neighborhood. The property is situated in Kings County (Brooklyn), NY, 11203, with GPS coordinates 40.6388888 latitude and -73.9254422 longitude. Serious inquiries are encouraged. All offers will be considered.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
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Car Dealership
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
M1-1 · Brooklyn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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