2222 Church AveBrooklyn, NY 11226

Property Details for 2222 Church Ave

Year built

1931

Lot size

0.15 AC

Property size (Sq ft)

12,204 SF

Zone code

C44A

Property type

Office buildings

APN

05103-0034

APU

51030034

Description

This exceptional 15,000-square-foot building at 2222 Church Avenue in Brooklyn, New York, presents a unique investment opportunity. Situated in Kings County, this single-tenant property offers versatile space ideal for a variety of uses, including executive offices, medical facilities, schools, or large-scale retail. Originally constructed in 1931 and renovated in 1994, the building boasts three floors, a convenient handicap-accessible elevator, and ample on-site amenities such as a cafeteria and yard. The property features a 50-foot frontage on a 50x129-foot lot, with building dimensions of 44x102 feet. The zoning is C4-4A, and the building's floor area ratio (FAR) is 4, with a currently built FAR of 1.89. Conveniently located near four subway lines and two bus lines, this property offers excellent accessibility. The approximate annual property tax is $133,829. The entire building is currently vacant and ready for immediate occupancy. This is a rare opportunity to acquire a substantial, well-located commercial property in a thriving Brooklyn neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,017,686

  6.5%

  $1,862,479

  7%

  $1,729,445

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,594,575

  Geo Method

  $1,594,575

• Alternative Use

  Use

  Valuation

  Residential

  $2,309,474

  Hospitality

  $2,115,466

  Educational

  $1,760,043

  Medical

  $1,820,573

  Retail

  $2,737,844

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6502

Longitude

-73.9578

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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