6317 18Th AveBrooklyn, NY 11204

Property Details for 6317 18Th Ave

Year built

1931

Lot size

0.04 AC

Property size (Sq ft)

3,760 SF

Zone code

C4-2

Property type

Office buildings

APN

05540-0003

APU

55400003

Description

This exceptional commercial land parcel, located at 6317 18th Avenue in Brooklyn, New York, presents a unique investment opportunity. The property encompasses 1,820 square feet of land, offering significant potential for development. The asking price is $150,000. While the existing structure is a bakery (approximately 1500 square feet with a finished basement), the sale is for the land itself. The property's zoning and permitted uses should be independently verified. The location is highly desirable, situated in the vibrant Bensonhurst neighborhood of Kings County. Its proximity to the N train station at 18th Avenue provides excellent accessibility and high foot traffic. The total land area is 1,820 square feet, and the building on the property has a separate square footage of 1500 square feet. The building has a fully finished basement, adding to its potential utility. The property's address is 6317 18th Avenue, Brooklyn, NY 11204. Further due diligence is recommended to assess the property's suitability for your specific needs and to confirm all details. The ceiling height is noted as "Other" in the property records and should be verified independently. The property is zoned for commercial use. This is a rare opportunity to acquire a commercial lot in a prime Brooklyn location.

• CAP approach

  CAP return

  Valuation

  6%

  $621,640

  6.5%

  $573,822

  7%

  $532,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $491,282

  Geo Method

  $491,282

• Alternative Use

  Use

  Valuation

  Residential

  $711,539

  Hospitality

  $651,766

  Educational

  $542,262

  Medical

  $560,911

  Retail

  $843,518

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6198

Longitude

-73.9892

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].