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777 Hicks St - Red Hook Development Opportunity 0.06 Acres of Commercial Land Offered at $675,000 in Brooklyn, NY 11231
INVESTMENT HIGHLIGHTS
- The lot is marketed with 3,125 buildable square feet under current zoning (R5, C1-2 overlay)
- The lot is in the heart of Red Hook, with strong appeal due to its location, character, and growth trajectory.
- It carries a C1-2 overlay, meaning there is potential for mixed use (ground floor commercial or storefront) above standard residential development
EXECUTIVE SUMMARY
Typical build form: 3–4 story, 2–3 family townhouse style with ground floor retail or a straight 3-unit walkup.
ARV COMPS: Potential outline below
Condo sellout ARV: ˜ $2.4M–$2.6M
Rental/stabilized value ARV: ˜ $2.2M–$2.5M
ARV COMPS: Potential outline below
Condo sellout ARV: ˜ $2.4M–$2.6M
Rental/stabilized value ARV: ˜ $2.2M–$2.5M
PROPERTY FACTS
| Price | $675,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Lease Option | Total Lot Size | 0.06 AC |
| No. Lots | 1 | Cross Streets | W 9th St & Mill St |
| Zoning | R5, C1-2 | ||
| Price | $675,000 |
| Sale Type | Investment |
| Sale Condition | Lease Option |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.06 AC |
| Cross Streets | W 9th St & Mill St |
| Zoning | R5, C1-2 |
1 LOT AVAILABLE
Lot 4
| Price | $675,000 | Lot Size | 0.06 AC |
| Price Per AC | $11,761,221.08 |
| Price | $675,000 |
| Price Per AC | $11,761,221.08 |
| Lot Size | 0.06 AC |
DOCID-2014110300984001 Frontage (width): 25 feet Depth: 100 feet Lot Area: 2,500 square feet Shape / Regularity: Regular (rectangular)
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (82)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 00539-0004 | Improvements Assessment | $0 |
| Land Assessment | $312,750 | Total Assessment | $312,750 |
PROPERTY TAXES
Parcel Number
00539-0004
Land Assessment
$312,750
Improvements Assessment
$0
Total Assessment
$312,750
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777 Hicks St - Red Hook Development Opportunity
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