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Map
$3,999,000
●
Land -
For Sale
487 Ocean Parkway
Brooklyn, NY 11218
Studio
0 Bath
$25,251
Estimated Monthly
$0
HOA / Fees
-1.15%
Cap Rate
About This Property
This property presents a fantastic opportunity for development,
offering a substantial lot size of 150x30, ideal for constructing a
condominium with up to 17 units. The availability of pre-existing
floor plans, which can be provided upon request, is a significant
advantage, streamlining the design phase and potentially reducing
the time to market for this project. With the growing demand for
residential spaces, this could be a lucrative investment for any
developer looking to expand their portfolio in the vibrant real
estate market.
Unit Size
-
Days on Market
22 days
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$5,615
HOA Dues
-
Year Built
-
Listed By
Last updated: 23 days ago (BMLSNY #481110)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 8, 2024 | Listed by RE/MAX Real Estate Professiona | $3,999,000 | |
| Listed by RE/MAX Real Estate Professiona | |||
| Jun 4, 2023 | No longer available | - | |
| No longer available | |||
| May 4, 2023 | Listed by RE/MAX Real Estate Professiona | $3,999,999 | |
| Listed by RE/MAX Real Estate Professiona | |||
|
|||
|
This is a 30x150 lot size in Kensington area right along Ocean
Parkway. Owner has Architect plans for 17-unit condos with 9 floors
buildable.
|
|||
| Apr 29, 2023 | No longer available | - | |
| No longer available | |||
| Feb 3, 2023 | Listed by LOMBARDO HOMES & ESTATES | $4,100,000 | |
| Listed by LOMBARDO HOMES & ESTATES | |||
|
|||
|
LAND APPROVED FOR 17 APARTMENTS OR CONDOS 30X150. 9 STORIES ARE
ALLOWED. THERE ARE APPROVED PLANS BY THE BUILDING DEPT. WITH
LICENSE AGREEMENTS. OWNER WILLING TO GO PARTNERS 50/50 ON A FLIP
FLIP. HELLO DEVELOPERS, GOLD MINE MUST SEE OCEAN PARKWAY. LAND FOR
SALE FOR DEVELOPERS 150 FEET BY 30 FEET APPROVED PLANS TO BUILD AND
LICENCE AGREEMENT BY NEIGHBOURS SIGNED. READY TO GO AND READY TO
BUILD. THIS IS LAND FOR 17 CONDOS OR APARTMENTS. 9-STORY, 17 CONDO
OR 17-UNIT RESIDENTIAL BUILDING AT…
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Show More
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
487 Ocean Parkway
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$3,600,000
Nov 5, 2018
$3,600,000
Jul 10, 2019
-
House
8
Beds
4
Baths
-
$3,600,000
May 18, 2023
$3,600,000
Jul 24, 2023
-
House
5
Beds
4
Baths
2,638 ft²
$1,327/ft²
$3,500,000
Mar 1, 2022
$3,500,000
Jun 29, 2022
-
Multifamily
6
Beds
6
Baths
5,300 ft²
$632/ft²
$3,350,000
Mar 1, 2022
$3,350,000
Jun 10, 2022
-
House
7
Beds
3
Baths
3,400 ft²
$971/ft²
$3,300,000
May 23, 2022
$3,300,000
Aug 25, 2022
-
House
7
Beds
5
Baths
3,563 ft²
$925/ft²
$3,295,000
Nov 30, 2022
$3,295,000
Mar 10, 2023
-
Active
Townhouse
5
Beds
4
Baths
4,605 ft²
$781/ft²
$3,595,000
Mar 10, 2024
-
$1,097/mo
Active
Townhouse
30
Beds
20
Baths
18,400 ft²
$190/ft²
$3,500,000
Nov 10, 2023
-
$3,929/mo
