For Sale
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Property summary
This exceptional commercial property, located at 711 Kings Highway in Brooklyn, New York, presents a remarkable investment opportunity. The building boasts a total of 14,664 square feet, spread across two stories, and is currently vacant, offering immediate occupancy for a discerning buyer. The asking price is $7,500,000, translating to a price per square foot of $511.46. The property is zoned R6A-C2-3, OP, allowing for a variety of uses. The building itself measures 4,888 square feet, situated on a lot with dimensions of 47.25 feet by 104.17 feet. The floor area ratio (FAR) is 3, with a built FAR of 1.36. This prime location on Kings Highway in Brooklyn's vibrant Kings County (zip code 11223) offers unparalleled visibility and accessibility, making it ideal for a restaurant or storefront operation. The property's size and zoning provide significant flexibility for a wide range of commercial ventures. This is a rare opportunity to acquire a substantial, well-located commercial property in a thriving New York City neighborhood. The vacant status allows for immediate customization and development to suit the specific needs of the new owner. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
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
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Brooklyn market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R6A · Brooklyn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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