The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,300,000
1580 Dekalb Ave
Brooklyn, NY, 11237
View more Brooklyn, NY property pages2Beds
8Baths
5,500Sqft
$236$/sqft
Listing Notes
Introducing a prime development opportunity for a 25x100 lot, strategically located and boasting approved plans for a modern 4.5-story building containing 7 residential units. This project promises to deliver a total of 5,500 square feet of living space, designed to meet the demands of today's urban lifestyle. The foundation work has already commenced and is nearing completion, providing a head start for any potential developer or investor looking to capitalize on this exceptional project. With the groundwork laid, you can move forward with construction and bring your vision to life without delay. The attached plans (1 & 2) provide detailed insights into the layout and design of the building, showcasing the potential for comfortable living spaces that are sure to attract future residents.
Market Insights
Below nearby median-65%
$236/sqft vs a nearby median of $683/sqft.
Nearby median$683/sqft
Nearby properties12
Property size5,500 sqft
- -65% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 5,500 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$3.81M$3.47M – $4.16M · 50% confidence
vs ask $1.30M−$2.51M (−193.3%)
Asking price is about 193.3% below the fair value — likely to draw competing offers if it's still on market.
$683/sqft median across 9 tight comps × 5,500 sqft= $3.76M
- Transit access+$150k +4.0%
- Days-on-market gravity−$113k −3.0%
- Modern construction+$56k +1.5%
- Open DOB violations−$38k −1.0%
Cumulative NYC adjustments+$56k+1.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 321 days
- Last price change
- No change recorded
- Listed
- Jun 25, 2025
- Photos
- 3 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- May 24, 2022 · $1,119,500
Features & Amenities
New ConstructionBasementTwo Or More Stories
Building Facts
- Year built
- 2025
- Lot size
- 2,500 sqft
- Land use
- Vacant land
- Building class
- V0
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,300,000for sale
Public Records
DOB violations154 open
172 total recorded against the building
HPD violations0 open
0 total recorded
ACRIS documents10
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)27,921
Top: illegal parking
Top complaint types in ZIP 11237
- Illegal Parking3,351
- Noise - Street/Sidewalk3,250
- Noise - Residential2,735
- Blocked Driveway1,734
- Noise - Commercial1,619
Recent DOB
- Nov 16, 2016V*-DOB VIOLATION - DISMISSED · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
- Feb 24, 2016V-DOB VIOLATION - ACTIVE · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
- Jul 30, 2014V-DOB VIOLATION - ACTIVE · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
- Jul 23, 2014V-DOB VIOLATION - ACTIVE · AEUHAZ1-FAIL TO CERTIFY CLASS 1 NONE
Recent Transfers (ACRIS)
- May 24, 2022DEED$1,119,500
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.