17-19 Lamont Ct - Approved Central Brooklyn Development Site 0.13 Acres of Commercial Land Offered at $3,950,000 in Brooklyn, NY 11225
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! SHOVEL READY Development Site For A 22 Unit 19,100+ Sqft. Building In Brooklyn For Sale!!!
- The Building Will Feature Great Exposure, Excellent Signage,(6) 2 Br. Apartments, (11) 1 Br. Apartments, (5) Studio Apartments, 7 Parking Spaces, ++!
- Neighbors Include Starbucks, UPS, The Home Depot, Public Storage, CubeSmart Self Storage, Safeguard Storage, Target, Staples, Planet Fitness, +++!!!
- The Property Has Plans In Place For A Brand New Building!!!
- The Property Is Located In The Heart Of Brooklyn Near Barclays Center, Brooklyn Museum, Kings Theatre & Brooklyn Children’s Museum!!!
- This Could Be Your Next Development Site!!!
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$908,600
|
$7,048,875.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$908,600
|
$7,048,875.10
|
| Taxes |
$8,254
|
$64,034.13
|
| Operating Expenses |
$8,474
|
$65,740.88
|
| Total Expenses |
$16,728
|
$129,775.02
|
| Net Operating Income |
$891,872
|
$6,919,100.08
|
PROPERTY FACTS
| Price | $3,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.13 AC |
1 LOT AVAILABLE
Lot
| Price | $3,950,000 |
| Price Per AC | $30,643,196.82 |
| Lot Size | 0.13 AC |
DESCRIPTION
Calling All Investors, Developers & End-Users!!! SHOVEL READY Development Site For A 22 Unit 19,100+ Sqft Building In Brooklyn For Sale!!! The Property Has Plans In Place For A Brand New Building!!! The Building Will Feature Great Exposure, Excellent Signage, R7-1 Zoning, (6) 2 Br. Apartments, (11) 1 Br. Apartments, (5) Studio Apartments, 7 Parking Spaces, High 9’ Ceilings, 7 Stories, Sprinklers, Elevator, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn Near Barclays Center, Brooklyn Museum, Kings Theatre & Brooklyn Children’s Museum!!! Neighbors Include Starbucks, UPS, The Home Depot, Public Storage, CubeSmart Self Storage, Safeguard Storage, Target, Staples, Planet Fitness, PetSmart, Shake Shack, Mavis Discount Tire, Auntie Anne’s, Wendy’s, Checkers, White Castle, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site!!! Income: (5) 2 Br. Apts.: $252,000 Ann. (10) 1 Br. Apts.: $384,000 Ann. (5) Studio Apts: $138,000 Ann. 2 Br. Penthouse: $62,000 Ann. 1 Br. Penthouse: $51,600 Ann. 7 Parking Spaces: $21,000 Ann. Pro Forma Gross Income: $908,600 Ann. Expenses: Gas: $0 Electric: $0 Water & Sewer: $3,257 Ann. Insurance: $5,217 Ann. Taxes: $8,254.96 Ann. Total Expenses: $16,728.96 Ann. Pro Forma Net Operating Income (NOI): $ 891,871.04 Ann.
ZONING
| Zoning Code | R7-1 |
