929 84Th St Brooklyn, NY 11236

Property Details for 929 84Th St

Property type

Commercial real estate

Description

This exceptional 2,000 square foot vacant lot, located at 929 East 84th Street in Brooklyn, New York (zip code 11236), presents a remarkable opportunity for development. Situated in Kings County, this property boasts R5B zoning, offering significant flexibility for various construction projects. The lot dimensions are 20 feet wide by 100 feet deep, situated on a residential block. Approved plans for a 2-4 family home are already in place, making this an ideal investment for those seeking to build a custom home. Alternatively, the zoning allows for the construction of a 1-3 or even a 4-family home, or the potential to maximize the Floor Area Ratio (FAR) for a medical facility or community service building. The maximum usable floor area is 2,700 square feet, with an unused FAR of 2,700 square feet. Another possibility is developing affordable tiny homes, potentially incorporating parking. The property's location offers convenient access to shopping, restaurants, and public transportation. Annual real estate taxes are only $1,875. Additional income streams could be generated through renting out parking spaces (at a potential $300 per month per car), or by installing solar panels. This property offers numerous possibilities for a savvy investor.