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15 Seigel Ct - E. Williamsburg Residential Development Site
0.13 Acres of Commercial Land Offered at £4,104,492 in Brooklyn, NY 11206
Investment Highlights
- 5,820 Sq. Ft. lot with a 2-family frame building.
- Zoned R6 allowing for a 22,698 Sq. Ft. residential building (UAP) or 27,936 Sq. Ft. community facility.
- Located .2 miles from the Morgan Ave L train subway stop for easy Manhattan access.
- $116,400 gross income generated from 2 apartments and 4 parking spots.
- Mid-block lot with dimensions of 60' x 97’.
Property Facts
| Price | £4,104,492 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Property Type | Land |
| Price | £4,104,492 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.13 AC |
1 Lot Available
Lot
| Price | £4,104,492 | Lot Size | 0.13 AC |
| Price Per AC | £30,720,175 |
| Price | £4,104,492 |
| Price Per AC | £30,720,175 |
| Lot Size | 0.13 AC |
Description
Landair Property Advisors has been hired on an exclusive basis to sell 15 Seigel Ct, Brooklyn, NY 11206 – an investment opportunity in the thriving East Williamsburg submarket. This 5,820 Sq. Ft. lot features a 2-family frame building currently generating $116,400 in gross income from two apartments and four parking spots. Lot dimensions are 60' x 97', situated on a mid-block lot. Zoned R6 on a narrow street, the property allows for a 22,698 Sq. Ft. residential building with UAP or a 27,936 Sq. Ft. community facility building. Located just 0.2 miles from the Morgan Ave L train subway stop, the property provides extremely easy access to Manhattan, enhancing its appeal for future residents. It is surrounded by new developments, contributing to the area's continued growth. East Williamsburg is a highly desirable area, where condo sellouts are expected to exceed $1,100 per square foot and rental pricing averages around $70 per square foot. This property presents a strong opportunity for investors in a rapidly developing neighborhood with strong market fundamentals.
zoning
| Zoning Code | R6 (Medium density residential district) |
| R6 (Medium density residential district) |
Presented by
15 Seigel Ct - E. Williamsburg Residential Development Site
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