940 Montgomery St, undefined, NY 11213

**CROWN HEIGHTS 940 MONTGOMERY STREET, BROOKLYN, NY - PRIME DEVELOPMENT OPPORTUNITY!** This property is a rare find in the heart of Brooklyn, offering a lucrative chance for developers. Boasting a spacious lot of 4,810 SF with a buildable SF of 16,546, this site presents an excellent opportunity to take advantage of the 421-A in place and create maximum value with a 24-unit residential development. Situated between Utica Avenue and Schenectady Avenue, the property's zoning of R7-1 ensures an as-of-right entitlement to 16,646 SF. Currently featuring a two-story apartment building with four residential units, this site is ready for a transformative project. The maximum residential FAR of 3.44 and the lot's generous dimensions of 40' x 120.25' provide ample room for creative development. Do not miss the chance to secure this prime development opportunity in one of Brooklyn's most sought-after locations!