2235 Emmons AveBrooklyn, NY 11235

This exceptional mixed-use development opportunity in Brooklyn, NY, presents a 12,000-square-foot site located at 2235 Emmons Avenue, in the vibrant Sheepshead Bay neighborhood. Priced at $2,999,000, this property boasts a 5.00% cap rate and is currently 100% occupied. The 4,958 square-foot lot, measuring 33.5 x 148 feet, is zoned R5/C2-2, allowing for a wide range of retail or street retail development possibilities. Architectural plans, including provisions for underground parking, are ready for approval, significantly streamlining the development process. The property's prime location offers easy access to major transportation arteries, including the Belt Parkway, and is conveniently situated near the Sheepshead Bay subway station (B & Q trains) and several bus lines (B4, BM3, B49, & B36). Surrounding businesses include a diverse mix of restaurants, shops, and entertainment venues, creating a thriving commercial environment. This turnkey development site offers significant potential for investors seeking a high-return opportunity in a rapidly growing area of Brooklyn. The property is delivered vacant, allowing for immediate development commencement. The price per square foot is $249.92. This is a truly unique opportunity to capitalize on the burgeoning Sheepshead Bay market.