For Lease
$18.50/SF/YR

2342 Cropsey AveBrooklyn, NY 11214

13,500 SF R-6 Zoned Land, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 13,500 square foot land parcel, located at 2342 Cropsey Avenue in Brooklyn, New York (zip code 11214), presents a unique investment opportunity. Currently improved with a 1,300 square foot auto service station, the property boasts significant development potential. The R-6 zoning allows for approximately 65,000 square feet of residential and ancillary community space as of right, offering substantial upside. The site features 135 feet of frontage on Cropsey Avenue and is conveniently situated near the intersection of 24th Avenue in Kings County. This location within an Opportunity Zone may unlock additional development possibilities, particularly concerning affordable housing initiatives. The existing building is fully occupied. Lease terms include a 3% step increase plus CPI every five years after the initial five-year period. This prime Brooklyn location and the substantial buildable area make this a compelling investment for developers seeking a high-return project. The property's size and zoning designation offer flexibility for a variety of development scenarios, catering to the growing demand for residential and community spaces in the area. Serious inquiries only.

Highlights

  • 13,500 SF land parcel at 2342 Cropsey Avenue, Brooklyn, NY 11214.
  • Existing 1,300 SF auto service station, fully occupied.
  • R-6 zoning allows for approximately 65,000 SF of residential and ancillary community space.
  • 135' of frontage on Cropsey Avenue, near 24th Avenue.
  • Located in an Opportunity Zone.
  • Utilities available at street; existing tenant remains until construction.

Property Details for 2342 Cropsey Ave

Property type
Land
RSF (Rentable sq. ft)
1,300 SF

Unit(s) available at that property

Space
Size
13,500 SF
Rate per SF
$18.50

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.594708868977
Longitude
-73.995732879715
2342 Cropsey Ave, Brooklyn, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2342 Cropsey Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message