395 Elton StBrooklyn, NY 11208

Property Details for 395 Elton St

Lot size

0.04 AC

Zone code

R7A

Property type

Auto shops

APN

04018-0009

APU

40180009

Description

This exceptional 4,050 square foot lot, located at 395 Elton Street in Brooklyn, New York (zip code 11208), presents a prime development opportunity in the rapidly growing East New York neighborhood. The property boasts a total of 10,012 buildable square feet and features 45 feet of frontage along Elton Street. Its strategic location offers excellent proximity to the vibrant Pitkin Avenue retail corridor and is a short walk from the Shepherd Avenue "C" subway station, ensuring convenient access for future residents or tenants. The property is zoned R7A, R5, C2-4, and EC-5 (Block: 04018; Lot: 0008, 0009), providing flexibility for a variety of development projects. This is an exceptional chance to acquire a well-situated lot in a high-demand area of Brooklyn, where residential rents have shown consistent strength and growth. The asking price for this remarkable property is $1,350,000. Don't miss this chance to capitalize on the potential of this prime East New York location.

• CAP approach

  CAP return

  Valuation

  6%

  $437,463

  6.5%

  $403,812

  7%

  $374,968

• Comparable approach

  Method

  Valuation

  Relative Method

  $592,674

  Geo Method

  $592,674

• Alternative Use

  Use

  Valuation

  Residential

  $340,630

  Hospitality

  $312,016

  Educational

  $259,593

  Medical

  $268,521

  Retail

  $403,812

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6734

Longitude

-73.8831

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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