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Property profile & analytics
OFF-MARKET
Manufacturing properties

611 Washington Ave Brooklyn, NY 11238

1,400 SF 0.07 ac lot Built 1930
Entity Owned 5-yr Hold Free & Clear
Property ID
US63-4934413
Property summary
AI-generated overview

This exceptional development opportunity presents a 4,326 square foot lot located at 611 Washington Avenue & 796 Dean Street in the vibrant Prospect Heights neighborhood of Brooklyn, New York. The property is zoned R6A and C2-4, offering significant potential for mixed-use development. Proposed plans, based on 8,577 buildable square feet, include twelve residential units (four studios, two one-bedroom, four two-bedroom units), one commercial unit, and one community facility. The asking price is $3,000,000. This prime location boasts excellent connectivity, with proximity to the Sutter Clinton-Washington Avs (A,C) Subway Station and other transportation options, ensuring easy access to Manhattan and other Brooklyn destinations. Residents will enjoy convenient access to a wealth of amenities, including nearby colleges (St. Joseph's College, Medgar Evers College, Long Island University), Prospect Park, Lincoln Terrace/Arthur S. Somers Park, various restaurants, shops, banks, and fitness centers. This presents a compelling investment opportunity in a thriving Brooklyn neighborhood with strong appreciation potential. The property's strategic location and zoning flexibility make it ideal for developers seeking to capitalize on the high demand for residential and commercial space in this desirable area.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1930
Total area 1,400 SF
Lot 0.07 ac (2,859 SF)
Zoning code R6A
APN 01140-0011
UPID US63-4934413
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
  • Body Store Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Makha Real Estate Corp. · 5 yrs held
Makha Real Estate Corp.
since 2021
2 recorded transactions
2021
Price N/A
2008
Price N/A
Zoning & alternative use
R6A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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