420 Park AveBrooklyn, NY 11205

Property Details for 420 Park Ave

Property type

Land

Property subtype

Industrial properties

Description

This exceptional 12,000-square-foot commercial land parcel presents a unique investment opportunity in Brooklyn's rapidly evolving Bedford-Stuyvesant neighborhood. Located at the corner of Park and Kent Avenues (420 Park Avenue & 832 Kent Avenue), this property boasts a prime location with 100 feet of frontage along Park Avenue. The combined lots (Block: 1897 Lot: 29,31) measure 100ft x 120ft and are zoned M1-1, allowing for a variety of mixed-use development possibilities. Currently generating a total gross annual income of $177,022 from existing leases, this property offers immediate return potential while providing significant upside for future development. Its strategic location places it steps from the vibrant Myrtle Avenue retail corridor and a short distance from the Brooklyn Navy Yard, ensuring strong tenant demand and future appreciation. Furthermore, the property's proximity to the Classon Avenue "G" subway station (6 blocks) enhances its accessibility and desirability. Offers and ground lease proposals are welcome for this exceptional development opportunity in a neighborhood experiencing significant growth in residential and commercial sectors. This is a rare chance to acquire a sizable, commercially-zoned land parcel in a prime Brooklyn location with significant potential for long-term growth and profitability.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6962

Longitude

-73.9598

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