611 Washington Ave Brooklyn, NY 11238
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.
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Body Store Auto Repair Shop Vehicle Inspection Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R6A · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.