720 57Th St 1CF Brooklyn, NY 11220
For Sale
This exceptional 6,000 square foot commercial land parcel presents a compelling investment opportunity in Brooklyn's vibrant Sunset Park neighborhood. Located at 720 57th Street, this property is classified as a commercial condo and boasts a substantial lot size ideal for various development projects or continued leasehold income. The asking price is $1,288,000. Currently, the land is leased to an adult recreational center generating a monthly income of $4,000. The property's total square footage is 1,288 square feet, although the significant lot size offers considerable potential for expansion or redevelopment. The building's ceiling height is listed as "Other," indicating a need for on-site verification to determine the exact height. This prime location in Sunset Park offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The property is situated in Kings County (Brooklyn), New York, with a zip code of 11220. Given its current lease and substantial lot size, this property represents a strong investment with potential for significant returns. Serious inquiries are encouraged to explore the possibilities this unique opportunity presents. Further details regarding zoning and permitted uses are available upon request.
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apartment Hotel & Motel
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Brooklyn Asian Civilian Observation Patrol Public Safety Office
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
R6B · 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.