Approved Multi-Unit Development
For Sale
$1,699,000
88 & 92 Crescent St, Brooklyn, NY 11208
Two vacant, fully approved buildable lots with entitlement for up to a 4-family or 20-unit building.
Property SizeContact for details
Lot Size0.33 Acres
Days on Market56
Property Features for 88 & 92 Crescent St
General Information
Standard status
Active
Lot size
0.33 Acres
Property subtype
Land
Additional Details
Multifamily Units
20
Taxes and HOA fees
Annual Taxes
$3,075
Listing Agency:
Re/Max 2000 Realty Inc.
(347) 665-5205
Listed By:
Geetanjali Cheta · License #10401303652
(347) 665-5205
Source:
Elliman
Added: Jul 2
Changed: Aug 8
Last Checked: Jul 3 at 4:44PM
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 Re/Max 2000 Realty Inc.
Investment Insights
Based on property information with market context.
The offering includes two vacant lots for development, totaling 14,240 square feet. The property is described as fully approved and buildable for a residential project up to either a 4-family configuration or a 20-unit building, providing an entitlement base for qualified buyers and developers.
Situated at 88 & 92 Crescent St in Brooklyn, NY 11208, the lots are positioned close to everyday conveniences, including shopping, schools, and transportation. The provided walk, bike, and transit scores indicate a moderate walking/bike environment with excellent transit access.
For developers, this site’s approved buildability and multiple-unit capacity can simplify planning for a residential redevelopment. For investors seeking an entitlement-backed land package, the combination of two separate vacant parcels and the stated ability to pursue up to 4-family or 20-unit development offers flexibility in project scope while remaining grounded in the property’s documented approval status. Buyer diligence is advised to confirm the specifics of approvals and final development parameters.
Situated at 88 & 92 Crescent St in Brooklyn, NY 11208, the lots are positioned close to everyday conveniences, including shopping, schools, and transportation. The provided walk, bike, and transit scores indicate a moderate walking/bike environment with excellent transit access.
For developers, this site’s approved buildability and multiple-unit capacity can simplify planning for a residential redevelopment. For investors seeking an entitlement-backed land package, the combination of two separate vacant parcels and the stated ability to pursue up to 4-family or 20-unit development offers flexibility in project scope while remaining grounded in the property’s documented approval status. Buyer diligence is advised to confirm the specifics of approvals and final development parameters.
Key Highlights
- Two vacant, fully approved buildable lots in Cypress Hills
- Entitlement for up to a 4‑family or 20‑unit building
- Total size noted as 14,240 Sqft
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two vacant, fully approved buildable lots with entitlement for up to a 4-family or 20-unit building.
Where is this residential land & home lot located?
The property is located at 88 & 92 Crescent St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Two vacant, fully approved buildable lots in Cypress Hills; Entitlement for up to a 4‑family or 20‑unit building; Total size noted as 14,240 Sqft
