Welcome to an exciting investment opportunity at 707 Shepherd Ave in East New York, Brooklyn. This prime piece of land, boasting a 20X100 lot, is now available for sale. With a R5 zoning and remarkably low annual taxes of only $515, this property provides a financially advantageous prospect. The owner has gone the extra mile, having all plans and permits meticulously approved by an architect, paving the way for the construction of a 2-family dwelling with a basement on the premises. This foresight not only streamlines the building process but also adds significant value to the investment. Strategically located, the property is in proximity to essential transportation options, including B15, B20, 2, 3, and 4 trains, ensuring easy connectivity to various parts of the city. Additionally, its closeness to the Gateway Shopping Center enhances the property's appeal, providing convenient access to shopping and amenities. This land is an ideal choice for investors seeking to capitalize on the potential for development. Don't miss out on the opportunity to turn this well-planned project into a lucrative reality in the vibrant neighborhood of East New York.
Sold for $255,000 on 07/30/24
$255,000
707 Shepherd Avenue, Brooklyn, NY 11208
--beds
--baths
2,000Square Feet
Unimproved Land, Land
Built in 1950
2,000 Square Feet Lot
$-- Zestimate®
$--/sqft
$2,483 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 21, 2024 at 05:56am
Listed by:
Issabella Mulic 718-307-9746,
Mitra Hakimi Realty Group LLC 718-268-5588,
Etan Hakimi 718-268-5588,
Mitra Hakimi Realty Group LLC
Bought with:
Issabella Mulic, 10401328955
Mitra Hakimi Realty Group LLC
Source: OneKey® MLS,MLS#: L3529701
