840 Greene Ave Brooklyn, NY 11221

This exceptional Bed-Stuy investment property at 840 Greene Avenue presents a unique redevelopment opportunity. The vacant, 7,490 square foot building sits on a 3,033 square foot lot and currently features eight units across four stories. Approved plans are in place for an 8-unit, 7,500 square foot building, achieved through horizontal and vertical expansion of the existing structure. This project offers significant potential for a boutique condominium development, free from inclusionary housing restrictions. The property is zoned R6B, ensuring flexibility for future development. Conveniently located, it's a short walk from the J train at Broadway/Kosciuszko Street, providing easy access to Manhattan and other Brooklyn neighborhoods. The asking price is $2,300,000. The property will be delivered vacant at closing, allowing for immediate commencement of the approved development plans. This is a rare chance to acquire a prime piece of real estate in a rapidly appreciating Brooklyn neighborhood. The existing structure provides a solid foundation for a high-return investment. Don't miss this chance to capitalize on the thriving Bed-Stuy market.