For Sale
$1,590,000

926 Mother Gaston Blvd Brooklyn, NY 11212

High-Yield Land, Prime Location, R6 Zoning

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional investment opportunity in Brooklyn, NY, at 926 Mother Gaston Boulevard, 11212. This 5,500 square foot commercial land parcel offers significant development potential with an existing, stable income stream. The property features a single-story building with 2,915 square feet and an 8-10 foot ceiling height. Currently leased under a Triple Net (NNN) lease with 13 years remaining, generating a net operating income (NOI) of $83,400 annually, representing a 5.25% cap rate. The R6 zoning allows for a residential floor area ratio (FAR) of 2.43 and a facility FAR of 4.80, presenting diverse development options. This property is situated in Kings (Brooklyn) County and offers a rare combination of immediate income and long-term growth potential. Don't miss this chance to acquire a high-yield asset in a thriving Brooklyn neighborhood. The asking price is $1,590,000.

Highlights

  • Asking price: $1,590,000
  • 2,915 SF land parcel in Brooklyn, NY
  • 5,500 SF lot size
  • 8-10 foot ceiling height
  • $83,400 annual net operating income (NOI) with a 5.25% cap rate, and a 13-year remaining lease.

Property Details for 926 Mother Gaston Blvd

Property type
Land
Square Feet
2,915 SF
Stories
1
Units
1

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.6555315
Longitude
-73.9035713

FAQs

What type of property is this?
Land - High-Yield Land, Prime Location, R6 Zoning
Where is the land located?
The property is located at 926 Mother Gaston Blvd Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Asking price: $1,590,000; 2,915 SF land parcel in Brooklyn, NY; 5,500 SF lot size
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 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 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].
926 Mother Gaston Blvd
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