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New York Brooklyn 11223 Gravesend
398 Kings Highway
$9,500,000
● Land - Off Market

398 Kings Highway

Brooklyn, NY 11223
bedrooms
Studio
bathrooms
0 Bath
$17,624,326
RealtyHop Estimate
46.87%
Since Mar 1, 2019
NY-New York
Primary Model

About This Property

Prime Development Oppty Located In One Of Brooklyn's Most Up-And-Coming Neighborhoods - To Build 40 Luxury Residential Condo's Above 21,000 Sq Ft Of Commercial Space.  Near Coney Island - Where Famous Movies Such As The The Wiz Was Filmed Starring Michael Jackson And Diana Ross. Mta: F And N Train And B-61 And B-82 Near.
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4,960
HOA Dues
-
Year Built
2019

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (OneKey MLS #KEYL2997494)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
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Sold
Dec 26, 2023 Sold
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Sold
Oct 27, 2023 Sold
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Sold
Aug 21, 2023 Sold
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Sold
Jul 19, 2023 Sold
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Sold
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Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2019
  • Building Count: 1
  • Floor Count: 7
  • Total Unit Count: 52
  • Residential Unit Count: 51
  • Basement Type: 2

    Dimensions

  • Lot Area Sqft: 11,867
  • Lot Size Depth Feet: 99
  • Lot Size Frontage Feet: 120
  • Building Depth: 88
  • Building Frontage: 120
  • Gross Building Area: 70,280

    Building Floor Area

  • Residential Building Floor Area: 51,076
  • Commercial Building Floor Area: 19,204
  • Office Building Floor Area: 10,909
  • Garage Building Floor Area: 8,295

    Floor Area Ratio

  • Built Floor Area Ratio: 6
  • Residential Floor Area Ratio: 4
  • Facilities Floor Area Ratio: 4

Building

  • Building Type: D6
  • Lot Type: 3
  • Land Use: 04
  • Irregular Lot Code: Y
  • Proximity Code: 1

Neighborhood

  • Community District: 311
  • City Council District: 44
  • Police Precinct: 62
  • Fire Company: E253
  • Health Area: 8510
  • Sanitation District Borough: 3
  • Sanitation Subsection: 6D
  • School District: 21

Zoning

  • Split Boundary Zone Indicator: Y
  • Zoning: R7A
  • Zoning District 2: R4-1
  • Zoning Commercial Overlay 1: C2-3

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 6678
  • Lot: 73
  • Borough Block Lot: 3066780073

    Address

  • Full Address: 398 Kings Highway
  • Zip Code: 11223

Valuation

    Assessments Valuation

  • Assessed Total Value: $1,896,885
  • Assessed Land Value: $731,700

    Exemptions

  • Exempt Total Value: $0
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southern Brooklyn

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$555

Below Asking

0.02%

Average Days on Market

121

Average Home Size

1248 ft²

Average Home Age

65.1 years

Currently For Sale

195 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2011 Ocean Ave, New York, NY, 11230

$2,183 - $2,351 /mo

  • 1 Bed
  • 1 Bath
2011 Ocean Ave, New York, NY, 11230 Listing by Gregory Healy
Unit for rent at 2733 East 12th Street, BROOKLYN, NY, 11235

$4,050 /mo

  • 2 Beds
  • 2 Baths
2733 East 12th Street #3F, BROOKLYN, NY, 11235 Listing by Jonny Borochov
Unit for rent at 1940 79th Street, Brooklyn, NY 11214

$1,550 /mo

  • 2 Beds
1940 79th Street #2, Brooklyn, NY 11214 Listing by Amy liu

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 398 Kings Highway built and last sold?
The property at 398 Kings Highway was built in 2019 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 398 Kings Highway is $673,354.
What are some comparable homes to 398 Kings Highway?
There are currently no comparable homes to 398 Kings Highway.
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