17 Lamont Ct Brooklyn, NY 11225

This exceptional 19,168 square foot development site in the heart of Brooklyn, NY, presents a compelling investment opportunity. Located on a 0.08-acre lot at 17 Lamont Ct, this property boasts pre-approved plans for a seven-story building featuring 22 units: five two-bedroom apartments, ten one-bedroom apartments, and five studio apartments, plus two penthouses (one 1-bedroom, one 2-bedroom). The building design incorporates seven parking spaces, high (9-foot) ceilings, a sprinkler system, an elevator, all new LED lighting, three-phase power, and central air conditioning. The prime location offers excellent visibility and signage opportunities, surrounded by a vibrant mix of established businesses including Starbucks, Home Depot, Target, and numerous restaurants. Projected annual gross income is $908,600, with estimated annual expenses totaling $16,728.96, resulting in a projected net operating income (NOI) of $891,871.04. This shovel-ready project offers significant upside potential for developers and investors seeking a high-return opportunity in a thriving Brooklyn neighborhood near major attractions like Barclays Center and the Brooklyn Museum. The property's strong tenant base and strategic location ensure a stable and lucrative investment. This is a rare chance to acquire a fully-planned development site in a highly desirable area.