926 Mother Gaston BlvdBrooklyn, NY 11212

Property Details for 926 Mother Gaston Blvd

Year built

1930

Lot size

0.13 AC

Property size (Sq ft)

2,915 SF

Zone code

R6

Property type

Retail space

APN

03639-0001

APU

36390001

Description

Exceptional investment opportunity in Brooklyn, NY, at 926 Mother Gaston Boulevard, 11212. This 5,500 square foot commercial land parcel offers significant development potential with an existing, stable income stream. The property features a single-story building with 2,915 square feet and an 8-10 foot ceiling height. Currently leased under a Triple Net (NNN) lease with 13 years remaining, generating a net operating income (NOI) of $83,400 annually, representing a 5.25% cap rate. The R6 zoning allows for a residential floor area ratio (FAR) of 2.43 and a facility FAR of 4.80, presenting diverse development options. This property is situated in Kings (Brooklyn) County and offers a rare combination of immediate income and long-term growth potential. Don't miss this chance to acquire a high-yield asset in a thriving Brooklyn neighborhood. The asking price is $1,590,000.

• CAP approach

  CAP return

  Valuation

  6%

  $708,447

  6.5%

  $653,951

  7%

  $607,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $959,802

  Geo Method

  $959,802

• Alternative Use

  Use

  Valuation

  Residential

  $551,632

  Hospitality

  $505,292

  Educational

  $420,397

  Medical

  $434,855

  Retail

  $653,951

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6555

Longitude

-73.9036

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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