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$ 3,499,000
Est. payment | /mo
5,962 SqFt
$ 3,499,000
Est. payment | /mo
5,962 SqFt
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 5,962 sqft
Price per Sqft $586
MLS Listing ID 502424
Year Built 1933
Annual Tax Amount $40,127
Lot Dimensions 58.17' X 102.5'
Property Sub-Type Land
Property Description
Exceptional development opportunity in the heart of Flatbush. This 5,962-square-foot lot is improved with a single-story commercial building currently leased to a church through February 2027, providing income while plans for future development are evaluated.
Situated on a wide street within an R6 zoning district, the property offers significant redevelopment potential. The zoning permits up to a 3.0 residential FAR (17,886 SF, or 26 apartments), with the potential for up to a 4.8 FAR (28,618 SF) for community facility use.
The site is well positioned within a vibrant residential neighborhood with convenient access to transportation, shopping, and local amenities.
Developers, investors, and institutional users will appreciate the flexibility afforded by the site's zoning and location.
Situated on a wide street within an R6 zoning district, the property offers significant redevelopment potential. The zoning permits up to a 3.0 residential FAR (17,886 SF, or 26 apartments), with the potential for up to a 4.8 FAR (28,618 SF) for community facility use.
The site is well positioned within a vibrant residential neighborhood with convenient access to transportation, shopping, and local amenities.
Developers, investors, and institutional users will appreciate the flexibility afforded by the site's zoning and location.
Location
State NY
County Kings (brooklyn)
Area Flatbush
Zoning R6
Building
Story 1
Others
Financing Bank Mortgage,Cash,None
Listed by Bergen Basin Realty LLC