Check Availability
$2,500,000
↓ $470K (15.8%)
Land - For Sale

1259 St Marks Avenue

Brooklyn, NY 11213
bedrooms
Studio
bathrooms
0 Bath
$12,276
Estimated Monthly
$0
HOA / Fees

About This Property

This property, located at 1259 St. Marks Avenue, in Crown Heights, offers a prime development opportunity. The site spans 6,584 Sq. Ft. with lot dimensions of 50' x 127.75' on a midblock lot. Zoned R6, it permits the construction of a residential building up to 14,486 Sq. Ft. Currently, there is a vacant 2,400 Sq. Ft. residential building on the premises. Situated just 0.5 miles from the Utica    Avenue/Fulton Street Subway Station, providing access to the A and C subway lines, the property boasts convenience. Noteworthy attributes include its large lot size, facilitating efficient floorplates and ample light and air, as well as low annual taxes of $2,741. Crown Heights, the area in which the property is located, presents itself as an attractive sub-market for investment.
Unit Size
-
Days on Market
72 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1910
Listed By
Alexandre Goulet
Landair Property Advisors LLC
Last updated: 26 days ago (NYSMLS #11245013)

Price History

Date / Event Date Event Price
Apr 3, 2024 Price Decreased $2,500,000
↓ $470K (15.8%)
Price Decreased
Feb 16, 2024 Listed by Landair Property Advisors, LLC $2,970,000
Listed by Landair Property Advisors, LLC
Sep 1, 2023 No longer available -
No longer available
Jul 6, 2023 Price Decreased $2,199,000
↓ $200K (8.3%)
Price Decreased
Jan 26, 2023 Listed by Coldwell Banker Reliable R E $2,399,000
Listed by Coldwell Banker Reliable R E
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Building Count: 1
  • Floor Count: 2
  • Total Unit Count: 2
  • Residential Unit Count: 2
  • Basement Type: 1

    Dimensions

  • Lot Area Sqft: 6,388
  • Lot Size Depth Feet: 128
  • Lot Size Frontage Feet: 50
  • Building Depth: 32
  • Building Frontage: 25
  • Gross Building Area: 2,400

    Floor Area Ratio

  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 5

Building

  • Building Type: B9
  • Lot Type: 5
  • Land Use: 01
  • Irregular Lot Code: N
  • Proximity Code: 1
  • Extension Code: N

Neighborhood

  • Community District: 308
  • City Council District: 36
  • Police Precinct: 77
  • Fire Company: L123
  • Health Area: 5200
  • Sanitation District Borough: 3
  • Sanitation Subsection: 3A
  • School District: 16

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 1356
  • Lot: 75
  • Borough Block Lot: 3013560075

    Address

  • Full Address: 1259 St Marks Avenue
  • Zip Code: 11213

Valuation

    Assessments Valuation

  • Assessed Total Value: $78,720
  • Assessed Land Value: $29,460

    Exemptions

  • Exempt Total Value: $1,440
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$2,439,500 Feb 25, 2019
$2,439,500 Sep 24, 2019
-
Townhouse
Stu
-
9,000 ft²
$333/ft²
$3,000,000 Jul 8, 2015
$3,000,000 Jun 12, 2017
-
Multifamily
7 Beds
4 Baths
4,140 ft²
$700/ft²
$2,900,000 Mar 3, 2021
$2,900,000 Jul 16, 2021
-
Townhouse
8 Beds
6 Baths
-
$3,050,000 Mar 1, 2022
$3,050,000 Jun 1, 2022
-
Multifamily
6 Beds
6 Baths
3,088 ft²
$936/ft²
$2,890,000 May 13, 2021
$2,890,000 Nov 3, 2021
-
Multifamily
6 Beds
4 Baths
3,648 ft²
$876/ft²
$3,195,000 Apr 3, 2019
$3,195,000 Nov 8, 2019
-
Other
Loft
7 Baths
-
$2,400,000 Feb 13, 2024
-
$1,412/mo
Multifamily
Stu
-
-
$2,800,000 Jan 3, 2024
-
$458/mo
House
Stu
-
-
$3,199,000 Aug 24, 2023
-
$13/mo
House
Stu
-
-
$2,499,000 Feb 20, 2024
-
$500/mo
House
Stu
-
-
$2,400,000 Apr 11, 2023
-
-
Townhouse
4 Beds
6 Baths
-
$2,995,000 Aug 29, 2023
-
$1,027/mo

About Central Brooklyn


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Frequently Asked Questions

When was property at 1259 St Marks Avenue built and last sold?
The property at 1259 St Marks Avenue was built in 1910 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1259 St Marks Avenue is $2,999,700.
What are some comparable homes to 1259 St Marks Avenue?
Homes that are comparable to 1259 St Marks Avenue include a other property at 126 Marion Street, a multifamily property at 102 Decatur Street, a house property at 426 Decatur Street.

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