5335 Kings HwyBrooklyn, NY 11203

Property Details for 5335 Kings Hwy

Year built

1931

Lot size

0.29 AC

Property size (Sq ft)

2,226 SF

Zone code

M1-1

Property type

Automotive properties

APN

07949-0033

APU

79490033

Description

This exceptional 12,000 square foot commercial lot, located at 5335 Kings Highway in Brooklyn, New York, presents a remarkable investment opportunity. Zoned M1-1, this property boasts significant potential for a variety of commercial uses. Currently generating a monthly rental income of $15,000, the property's existing configuration includes a repair shop, a substantial office space, and a used car dealership. The property's size and prime location in the desirable East Flatbush area offer substantial upside potential for future development or continued operation as a multi-use commercial space. The asking price is $125,000. The lot's dimensions provide ample space for expansion or redevelopment, catering to a wide range of business ventures. This is a rare opportunity to acquire a well-established, income-producing commercial property in a thriving Brooklyn neighborhood. The property is situated in Kings County (Brooklyn), NY, 11203, with GPS coordinates 40.6388888 latitude and -73.9254422 longitude. Serious inquiries are encouraged. All offers will be considered.

• CAP approach

  CAP return

  Valuation

  6%

  $421,088

  6.5%

  $388,697

  7%

  $360,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $302,483

  Geo Method

  $302,483

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $757,996

  Mixed-Use / Specialty

  $387,311

  Hospitality / Lodging

  $284,158

  Office

  $385,010

  Institutional / Educational

  $402,647

  Residential Income

  $471,097

  Multifamily

  $565,009

  Automotive / Energy

  $345,126

  Parking / Income-Based Land

  $119,099

  Restaurant / Food Service

  $201,443

  Healthcare / Senior Housing

  $397,180

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6389

Longitude

-73.9255

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].