Description
Prime Development Opportunity in East Flatbush, Brooklyn - 80" x 100" Lot with Endless Potential! Introducing 620 East 40th Street, a rare and expansive 8,000 sq ft lot located in the dynamic and well-connected neighborhood of East Flatbush.
This oversized parcel offers exceptional potential for developers and investors looking to capitalize on Brooklyn's continued growth. The property currently includes a large structure with 6 bedrooms, 4 bathrooms, a two-car garage, and a detached shed-delivering strong rental potential in its existing condition. With a double-wide 80-foot frontage and R4 zoning, this site is primed for transformative redevelopment. Key Development Highlights: As-of-right option: Build four 3-unit residences (approx. 2,000 sq ft each), totaling 12 residential units-well-suited for market-rate or affordable housing models. Community Facility Bonus: Pair residential development with a qualifying community use to push FAR to 1.4 (11,200 sq ft), eliminate parking requirements, and reach a max height of 35 feet (or 45 feet with AIRS).
Take advantage of new zoning allowances under R4 that promote housing flexibility and density in growth zones like East Flatbush. Proximity to public transit, healthcare
Listing courtesy of Serhant ...More
Property Details
- Multi Family
Amenities
- Attendance: None
- Basement: Other
- Building: Green Building
- Cooling: Central Air
- Exterior: Private Outdoor Space Over60 Sqft
- Garage
- Garage spaces: 2
- Interior: Smoke Free
- Laundry: In Unit
- Parking: Assigned, Garage
- Patio: None
- Pets: Building Yes, No
- View: Other
