1234 Saint Johns Pl - Specialty FOR SALE


Brooklyn, NY 11213- Crown Heights
$7,650,000 USD
347-232-3835
1234 Saint Johns Pl, Brooklyn, NY for Sale
$7,650,000 USD
Specialty - FOR SALE
1/3
null | Request Cap Rate

1234 Saint Johns Pl
Brooklyn, NY 11213
Crown Heights


HIGHLIGHTS

  • 46,894 BSF mixed-use development opportunity in the heart of Crown Heights.
  • 99.92’ of frontage on St. Johns Place allowing for highly efficient building design.
  • Opportunity to seize a strategic foothold in a high-demand, low-inventory market perfectly primed for growth.
  • Rental market with recent neighborhood developments commanding premium rates, exceeding $70/SF.
  • Currently a two-story, 10,560 SF building occupied by the U.S. Post Office on a month to month basis.
  • The property boasts a perfect 100 Transit Score and a 92 Walk Score , placing the 2, 3, 4, and 5 subway lines just 0.3 miles away.

OVERVIEW

This offering presents a 46,894 BSF mixed-use development opportunity in the vibrant Crown Heights neighborhood of Brooklyn. Positioned on a 12,024 SF lot with 99.92 feet of frontage along St. Johns Place, the site provides exceptional flexibility for efficient building design. Zoned R6 and situated within a high-demand, low-inventory market, this property offers investors a chance to capitalize on one of Brooklyn’s most dynamic residential corridors. The asset is currently improved by a two-story, 10,560 SF building occupied by the U.S. Post Office on a month-to-month basis, providing holding income during the redevelopment process. Surrounding developments have demonstrated robust rental growth, with new projects achieving premium rates above $70/SF. Connectivity is unmatched with a perfect 100 Transit Score and proximity to the 2, 3, 4, and 5 subway lines, Citi Bike access, and major thoroughfares, ensuring ease of access for residents and businesses alike.

FOR SALE DETAILS

PRICE

$7,650,000 USD

PRICE/SF

$724 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R6

APN/PARCEL ID

01382-0031

ASK ABOUT THIS PROPERTY

Sean KellyAriel Property AdvisorsMore Info
347-232-3835

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Sean KellyAriel Property AdvisorsMore Info
347-232-3835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.