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360 Crescent St 0.09 Acres of Residential Land Offered at $1,499,000 in Brooklyn, NY 11208
Investment Highlights
- 32' Frontage | Prime Location | Near Transit
- Four 2BR | Two 1BR | 4 Parking Spots
- Built in 2026
- 3 Stories | 6 Unit Elevator Development Site
- Delivered Vacant
- Surrounded by Lots of Amenities
Executive Summary
- Prime Location
- Delivered Vacant
- 3 Stories
- Near Transit
- Built in 2026
- Surrounded by Lots of Amenities
- 6 Unit Elevator Development Site
- 4 Parking Spots
- Four 2BR
- Two 1BR
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $1,499,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.09 AC |
| Property Type | Land | ||
| Zoning | R5 - Mixed use; Commercial/residential area | ||
| Price | $1,499,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.09 AC |
| Zoning | R5 - Mixed use; Commercial/residential area |
1 Lot Available
Lot
| Price | $1,499,000 | Lot Size | 0.09 AC |
| Price Per AC | $16,324,174.81 |
| Price | $1,499,000 |
| Price Per AC | $16,324,174.81 |
| Lot Size | 0.09 AC |
40' x 100'
Description
A rare opportunity to acquire a 6-unit elevator development site at 360 Crescent St, Brooklyn, NY, offered at approximately 80% completion. The project consists of four (4) 2-bedroom units and two (2) 1-bedroom units, along with four (4) on-site parking spaces. Upon completion, the asset will be delivered as a fully built elevator building, significantly reducing development risk and timeline for the buyer. This presents a unique chance to secure a near turnkey residential asset in a growing area, with strong rental potential and long-term upside. Owner financing is available, providing additional flexibility for acquisition.
Property Taxes
| Parcel Number | 04164-0032 | Improvements Assessment | $195,750 |
| Land Assessment | $108,000 | Total Assessment | $303,750 |
Property Taxes
Presented by
360 Crescent St
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