91 End AveBrooklyn, NY 11235

Property Details for 91 End Ave

Year built

1987

Lot size

0.06 AC

Property size (Sq ft)

3,420 SF

Zone code

R6

Property type

Investment properties

Property subtype

Live-work space

APN

08726-0049

APU

87260049

Description

This exceptional mixed-use property at 91 West End Avenue in Brooklyn, New York, presents a rare redevelopment opportunity. Situated on a 2,543 sq ft corner lot, this three-story building boasts 5,088 square feet and currently comprises four units: three apartments and one retail storefront. Built in 1987, the property is zoned R6 C1-2, offering significant potential for expansion and increased density. The asking price is $3,000,000, translating to $589.62 per square foot. The property's location in Manhattan Beach is highly desirable, close to the Atlantic Ocean, Sheepshead Bay, and Brighton Beach. This prime location offers unparalleled access to the area's amenities and attractions. The existing building provides immediate income potential while the zoning allows for substantial redevelopment. Annual property taxes are $33,563. This is one of the last remaining corner lots available in this sought-after neighborhood, making it an exceptional investment opportunity. Don't miss this chance to acquire a truly unique property with immense upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $565,428

  6.5%

  $521,934

  7%

  $484,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $446,857

  Geo Method

  $446,857

• Alternative Use

  Use

  Valuation

  Residential

  $647,198

  Hospitality

  $592,830

  Educational

  $493,227

  Medical

  $510,190

  Retail

  $767,242

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5794

Longitude

-73.9531

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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