1317 36Th StBrooklyn, NY 11218

Property Details for 1317 36Th St

Year built

1931

Lot size

0.27 AC

Property size (Sq ft)

12,000 SF

Zone code

R5

Property type

Auto shops

APN

05312-0006

APU

53120006

Description

Prime Brooklyn location at 1317-1319 36th Street offers a 11,838 square foot industrial property, ideal for diverse uses including distribution, research & development, or warehouse operations. Built in 1931, this single-tenant property sits on an 11,838 square foot lot and features one loading dock. The asking price is $15,000,000, translating to $1,267.11 per square foot. Zoned R5 C2-3, this property presents a compelling investment opportunity in a thriving Brooklyn neighborhood. The versatile ground floor space is well-suited for a variety of businesses. The substantial lot size offers potential for future expansion. This property represents an excellent value in a highly desirable area, providing a strong return on investment. The property's location in Kings County, New York, offers easy access to major transportation routes and a vibrant commercial landscape. This is a rare chance to acquire a well-positioned industrial property in a rapidly developing part of Brooklyn. Don't miss this chance to secure a piece of Brooklyn's dynamic real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,916,419

  6.5%

  $2,692,079

  7%

  $2,499,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,951,158

  Geo Method

  $3,951,158

• Alternative Use

  Use

  Valuation

  Residential

  $2,270,869

  Hospitality

  $2,080,104

  Educational

  $1,730,622

  Medical

  $1,790,141

  Retail

  $2,692,079

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6421

Longitude

-73.9837

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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