224 Clarkson AveBrooklyn, NY 11226

Property Details for 224 Clarkson Ave

Year built

1928

Lot size

0.69 AC

Property size (Sq ft)

24,000 SF

Zone code

R7-1

Property type

Warehouses

APN

05066-0023

APU

50660023

Description

This exceptional 30,000 square foot residential development site is located at 224 Clarkson Avenue in the Prospect-Lefferts Gardens section of Brooklyn, New York, (APN: 05066-0023). The property, measuring 150 x 200 feet, is zoned R7-1, offering a significant buildable area. With a Floor Area Ratio (FAR) of 3.44 (4.8 with Community Facility), the potential buildable square footage is 150,000 square feet. Currently improved with a 24,000 square foot warehouse and parking area, the site presents a unique opportunity for redevelopment. The existing tenant is on a month-to-month lease and can be delivered vacant. The property's 2022-2023 tax assessor's market value was $1,003,000, with a current annual tax bill of $48,050.72. The current tenant generates $253,000 in annual rent. This prime Brooklyn location offers substantial upside potential for a savvy investor seeking a high-value development project. The asking price for this exceptional opportunity is $29,000,000.

• Alternative Use

  Use

  Valuation

  Residential

  $4,541,738

  Hospitality

  $4,160,208

  Educational

  $3,461,244

  Medical

  $3,580,282

  Retail

  $5,384,158

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6549

Longitude

-73.952

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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