860 44Th St, Brooklyn, NY 11220
This exceptional Sunset Park investment opportunity presents a rare chance to acquire a multifamily property with significant development potential. Located at 860 44th Street, Brooklyn, NY 11220, this property comprises a two-story, four-unit brick building situated on a 5,000 square foot lot (50x100 feet). The building boasts a total of 5,460 square feet. The property is zoned R6, offering considerable upside for future development or expansion. Its prime location, just steps from 8th Avenue's vibrant shopping and transportation options, ensures strong rental demand and high occupancy rates. This package deal includes two 25x100 foot lots combined into one, presenting a unique opportunity for a savvy investor seeking a high-return investment with significant long-term growth potential. The asking price is $3,950,000 and the sale is structured as a 1031 exchange. This is a truly remarkable opportunity to capitalize on the thriving Sunset Park real estate market. Don't miss out on this chance to acquire a property with exceptional potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.