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    Grandfathered R5 Multifamily Opportunity Title is generated by Realmo AI

    538 Hendrix St, Brooklyn, NY 11207

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    Claim this Listing
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    For Sale
    $999,999

    Grandfathered R5 zoning allows 2.42 FAR for multifamily redevelopment with strong transit scores nearby.

    Type:Investment
    Added:
    Jun 20, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 22 at 1:54 am

    Property Features for 538 Hendrix St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1901

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    Marc Dori

    Listing office

    Listing date Jun 20, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Marc Dori

    HighLights

    • Year built: 1901
    • Grandfathered R5 zoning allows 2.42 FAR for multifamily redevelopment
    • TransitScore: 76 (excellent transit nearby)
    • BikeScore: 64 (bikeable)
    • WalkScore: 59 (somewhat walkable)

    Overview

    This for-sale multifamily property at 538 Hendrix St, Brooklyn, NY 11207 is being presented under R5 zoning with a grandfathered 2.42 FAR. The property is positioned as a development-minded residential income asset within the provided zoning parameters.

    The surrounding transportation context is supported by the reported scores: a transitScore of 76, a walkScore of 59, and a bikeScore of 64. These metrics indicate established mobility options for residents and help inform how the site may function for tenant access and day-to-day commuting.

    For buyers evaluating redevelopment or repositioning of a multifamily site, the key decision point here is the stated zoning framework and the grandfathered floor area ratio of 2.42. Prospective operators and investors can underwrite accordingly, using the provided zoning specifics as the basis for feasibility and planning. No additional unit count, building size, or current physical condition details are provided, so due diligence on those items should be completed as part of the next steps.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.888511
    Latitude
    40.668588

    FAQs

    What type of property is this?
    Apartment building - Grandfathered R5 zoning allows 2.42 FAR for multifamily redevelopment with strong transit scores nearby.
    Where is this apartment building located?
    The property is located at 538 Hendrix St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: Year built: 1901; Grandfathered R5 zoning allows 2.42 FAR for multifamily redevelopment; TransitScore: 76 (excellent transit nearby)
    More about this property
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