2740 23Rd St, Brooklyn, NY 11235
This exceptional 2,056 sq ft lot at 2740 East 23 Street, Brooklyn, NY 11235, presents a compelling development opportunity in the desirable Sheepshead Bay neighborhood. Currently featuring a two-bedroom, one-and-a-half-bathroom house with a deck and large backyard, the property offers significant potential for redevelopment. The existing structure, spanning 1,534 square feet across two stories, provides a solid foundation for various projects. The lot's zoning allows for the construction of a multi-family dwelling, with a maximum buildable square footage of 3,042 SF and a FAR of .38 (potentially .75). This prime location boasts convenient access to shopping, restaurants, bars, and public transportation, including subway and bus lines. The property's proximity to Ocean Avenue and Sheepshead Bay Road adds to its appeal. Investors and developers will appreciate the potential to capitalize on the area's strong demand for residential units. The aerial drone video and tax map provide a comprehensive overview of the property and its surroundings. This is an excellent chance to acquire a substantial lot in a thriving Brooklyn neighborhood. Serious inquiries are encouraged to explore the possibilities of this remarkable development opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.