365 Rutland Road Prime Development Opportunity in Prospect Lefferts Gardens This well-maintained 4-family property sits on a 40' x 100' lot, zoned R6, and located on a narrow street (60' wide) between New York Avenue and Nostrand Avenue. Just a short distance from public transportation, the building is approximately 0.4 miles from the Sterling Street 2/5 subway station and 0.3 miles from the Winthrop Street 2/5 subway station. The property features three spacious 3-bedroom, 1-bathroom units and one converted 2-bedroom, 1-bathroom unit. Two of the apartments have been recently renovated, and both first-floor residences enjoy access to a private, paved backyard. Over the past three decades, the building has been meticulously cared for, with major upgrades including a full electrical re-wiring (2018), a new boiler (2020), and a complete roof replacement (2018). With its generous 40' frontage, this lot offers substantial development potential. Utilizing Universal Affordability Preference, a residential project of up to 15,600 square feet can be built. Alternatively, a market-rate condominium development of approximately 8,800 square feet is possible.
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