Check Availability
$720,000
Land - For Sale

71 Cedar

Brooklyn, NY 11221
bedrooms
Studio
bathrooms
0 Bath
$4,167
Estimated Monthly
$0
HOA / Fees
1.03%
Cap Rate

About This Property

71 Cedar St is located in the heart of Bushwick, one of Brooklyn's most popular and up and coming neighborhoods with a lot of room for growth. The property is located just one block from the Central Avenue M train, providing service to Manhattan in under 20 minutes. New  development rents in Bushwick consistently exceed $3,500/month for a 1-bedroom unit and will only increase over time.    Bushwick is poised for even more growth as renters and buyers  alike are priced out of the nearby Williamsburg and Greenpoint  markets.    Lot size measures 25 x 45 with a buildable square footage of over 3,000 sq feet of residential and over 5,000 square foot of facility use.     This is an excellent opportunity for a new aspiring developer or someone who wants to invest in recession proof New York soil.     Email or whatsapp/imessage are best for inquiries.
Unit Size
-
Days on Market
30 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$631
HOA Dues
-
Year Built
-
Listed By
Last updated: 13 days ago (NYSMLS #11272329)

Price History

Date / Event Date Event Price
Apr 7, 2024 Listed by CARGON REALTY $720,000
Listed by CARGON REALTY
Dec 5, 2016 Sold to Sejal Surendra Sood $427,665
Sold to Sejal Surendra Sood
May 18, 2015 Listed $499,000
Listed
PRIME BUSHWICK DEVELOPMENT SITE Vacant lot R6 25' wide Approx 2800sf buildable Being sold w/ approved plans for 4 story, double duplex townhouse
Jul 21, 2014 Sold to Avon Development Llc $300,000
Sold to Avon Development Llc
Oct 25, 2013 Sold to 55 San Jose Llc $180,000
Sold to 55 San Jose Llc
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 0
  • Basement Type: 5

    Dimensions

  • Lot Area Sqft: 1,125
  • Lot Size Depth Feet: 45
  • Lot Size Frontage Feet: 25

    Floor Area Ratio

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

Building

  • Building Type: V1
  • Lot Type: 5
  • Land Use: 11
  • Irregular Lot Code: N

Neighborhood

  • Community District: 304
  • City Council District: 34
  • Police Precinct: 83
  • Fire Company: E217
  • Health Area: 3200
  • Sanitation District Borough: 3
  • Sanitation Subsection: 1A
  • School District: 32

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6
  • Zoning Commercial Overlay 1: C2-3

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 3227
  • Lot: 43
  • Borough Block Lot: 3032270043

    Address

  • Full Address: 71 Cedar Street
  • Zip Code: 11221

Valuation

    Assessments Valuation

  • Assessed Total Value: $74,700
  • Assessed Land Value: $74,700

    Exemptions

  • Exempt Total Value: $0
  • 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
-
-
$699,000 Sep 1, 2013
$699,000 Mar 21, 2014
-
Condo
Stu
1 Bath
1,085 ft²
$638/ft²
$692,410 Oct 7, 2021
$692,410 Feb 18, 2022
$1,166/mo
Condo
Stu
2 Baths
1,063 ft²
$644/ft²
$685,000 Oct 5, 2021
$685,000 Feb 22, 2022
$1,266/mo
Townhouse
Stu
-
-
$788,000 Mar 15, 2015
$788,000 Aug 28, 2015
-
Condo
Stu
2 Baths
757 ft²
$786/ft²
$595,000 Jul 8, 2019
$595,000 May 15, 2020
$279/mo
Coop
Stu
-
2,200 ft²
$369/ft²
$812,500 Jan 21, 2014
$812,500 Jul 11, 2014
-
Commercial
Loft
-
-
$830,000 Feb 5, 2024
-
-
Townhouse
Stu
-
-
$800,000 Nov 13, 2023
-
-
Condo
1 Bed
1 Bath
804 ft²
$902/ft²
$725,000 Mar 28, 2024
-
$302/mo
Condo
1 Bed
1 Bath
697 ft²
$1,000/ft²
$697,000 Oct 20, 2023
-
$1,422/mo
Condo
1 Bed
1 Bath
691 ft²
$1,000/ft²
$691,000 Dec 19, 2023
-
$1,409/mo
Townhouse
11 Beds
6 Baths
4,800 ft²
$156/ft²
$750,000 Jan 14, 2024
-
$1,122/mo

About Northern Brooklyn


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Frequently Asked Questions

When was property at 71 Cedar Street built and last sold?
The property at 71 Cedar Street was built in 0 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 71 Cedar Street is $727,200.
What are some comparable homes to 71 Cedar Street?
There are currently no comparable homes to 71 Cedar Street.

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