711 Kings Hwy, Brooklyn, NY 11223
For Sale
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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.
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.