Up to 15,171 BSF Development Site in Crown Heights
$1.2M Crown Heights Dev Site | 25’ x 155’ Lot | Low Taxes | Transit Nearby
Marketing description
Introducing a development opportunity in Crown Heights. This midblock site spans 3,890 sq. ft. (25’ x 155’) and currently features a 2,500 sq. ft. residential building, to be delivered vacant for immediate redevelopment. Zoned R6 on a narrow street, the site allows for a new residential building of up to 8,558 sq. ft. at market rate (15,717 sq. ft. with UAP).
Located just 0.6 miles from the A/C trains at Utica Ave and 2, 3, 4, 5 trains at Crown Heights-Utica Ave, the property offers convenient transit access to Manhattan, Downtown Brooklyn, and other key neighborhoods.
Crown Heights is experiencing notable growth and demand for residential spaces, making this an ideal location for development with easy access to transportation and local amenities. With the ongoing revitalization in the area, this property presents a significant opportunity for developers seeking to capitalize on the evolving real estate market.
Investment highlights
➢ 25’x155’ lot zone R6: Up to 8,558 sq. ft. market rate (15,717 sq. ft. with UAP)
➢ 2,500 sq. ft. residential building delivered vacant and ready for redevelopment
➢ 0.6 miles to A/C trains at Utica Ave & 2, 3, 4, 5 trains at Crown Heights-Utica Ave
➢ Low annual taxes of $2,608
➢ Close to local retail, parks, and schools, offering convenience for future residents
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