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52 Buffalo Avenue
About This Property
Unlock the potential of this rare, buildable lot in the heart of Ocean Hill, Brooklyn. Located at 52 Buffalo Avenue, this 17.83 ft x 45 ft property offers a unique investment or development opportunity in a dynamic and rapidly evolving neighborhood.
Situated in a C4-3 zoning district, the lot provides mixed-use development potential-ideal for a small commercial space with residential units above, retail storefront, or boutique office. C4-3 zoning allows for greater flexibility and density than typical residential zones, making this an excellent opportunity for developers or end-users looking to capitalize on Brooklyn's growing market.
Lot Size: Approx. 800 sq ft (17.83 ft x 45 ft)
Zoning: C4-3 – Mixed-use commercial/residential
FAR (as per zoning): Up to 3.4 for residential or 3.4 for community facility use (buyer to verify)
Location: Convenient to Broadway Junction, the A/C/L/J/Z subway lines, major bus routes, and an array of retail and services.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | No longer available | - | |
| No longer available | |||
| May 28, 2026 | Relisted | $495,000 | |
| Relisted | |||
| May 6, 2026 | No longer available | - | |
| No longer available | |||
| Nov 14, 2025 | Price Decreased |
$495,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
| Aug 22, 2025 | Price Decreased |
$499,000
↓ $51K
(9.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017