For Sale
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Property summary
This exceptional 2,000 square foot residential land parcel, located at 764 Shepherd Avenue in Brooklyn, New York's vibrant East New York neighborhood, presents a compelling investment opportunity. The property boasts R5 zoning, offering significant development potential. Its generous dimensions, measuring approximately 20 feet wide by 100 feet deep, provide ample space for a variety of residential projects. Annual property taxes are remarkably low at just $799, contributing to a strong return on investment. The location is highly convenient, with easy access to public transportation, including the B15 and B20 buses, and the 2, 3, and 4 subway lines. The proximity to the Gateway Shopping Center provides residents with convenient access to shopping and amenities. This property is ideally suited for developers seeking to capitalize on the growing demand for housing in this rapidly developing area of Brooklyn. The address is 764 Shepherd Ave, Brooklyn, NY 11208, Kings County. The asking price is $278,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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