Property summary
This exceptional 1,920 square foot (20' x 96') residential lot in East New York, Brooklyn, presents a compelling investment opportunity. Zoned R5, it offers significant potential for residential development. The property is conveniently located near New Lots Avenue, providing easy access to the 2, 3, 4, and 5 subway lines. Commuters will also appreciate the proximity to the BM5 Express bus, offering a direct route to Manhattan. This prime location in a thriving neighborhood makes this a versatile property with strong potential for future growth. The asking price is $250,000. The lot's dimensions are 20 feet wide by 96 feet deep, providing ample space for development. This is a rare opportunity to acquire a well-situated residential lot in a rapidly developing area of Brooklyn. Don't miss out on this chance to capitalize on this promising investment.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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