R6 40x100. Survey available. 8,800 Buildable square feet.
Prime Vacant Land Opportunity in East Flatbush. Unlock the potential of this prime vacant lot located at 989 Troy Avenue in Brooklyn's thriving East Flatbush neighborhood. Spanning 2,500 sq ft, this blank canvas offers a unique opportunity for developers, investors, or visionary homeowners looking to create their dream property in one of Brooklyn's most vibrant communities. Property Features: Lot Size: 25 ft x 100 ft, totaling 2,500 sq ft of prime real estate. Zoning: R4 zoning, offering versatile development possibilities, including the potential for multi-family housing. Location: Situated on a quiet, tree-lined street, this lot is close to schools, parks, shopping, dining, and public transportation, making it an ideal location for residential development. Development Potential: The property's zoning and dimensions provide the flexibility to build a custom home or multi-unit dwelling, catering to the increasing demand for housing in Brooklyn. Don't miss this rare opportunity!!!!!!!
Property is being sold with or without a fully occupied restaurant, which occupies the building measuring 20' x 70'. Monthly rent for only the restaurant is $6,000. The land portion where there is currently an auto dealership will be delivered vacant. Pro Forma rent for land portion is $12,000 per month. Can rent out the land or build to suit. R5 Zoning. C2-2 Overlay. Max FAR 1.25. Owner is willing to subdivide the property. The price of 2.2M is for the land only WITHOUT the restaurant. Price of 3.2M includes the restaurant. Pro Forma fully rented is at a 6% Cap.
The median home value in Brooklyn, NY is $677,200. This is lower than the county median home value of $756,900. The national median home value is $338,100. The average price of homes sold in Brooklyn, NY is $677,200. Approximately 30.01% of Brooklyn homes are owned, compared to 60.51% rented, while 9.48% are vacant. Brooklyn real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Brooklyn real estate agent to arrange a tour today!
Brooklyn, New York 11203 has a population of 8,736,047. Brooklyn 11203 is less family-centric than the surrounding county with 27.43% of the households containing married families with children. The county average for households married with children is 28.9%.
The median household income in Brooklyn, New York 11203 is $70,663. The median household income for the surrounding county is $67,753 compared to the national median of $69,021. The median age of people living in Brooklyn 11203 is 37.3 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 26.1 degrees. The average rainfall is approximately 46.6 inches per year, with 25.3 inches of snow per year.