Stunning development opportunity with a tremendous value-add proposition, just coming to market in Prospect Lefferts Gardens, just a few blocks from the Church Avenue 2 and 5 trains, and a short walk from Prospect Park itself! This area is red-hot, and this property has loads of development potential as a value-add, by building another two-stories and converting this to a 10-unit building! The building itself is a solid-stone, two family home, with the rounded castle-turret style facade and over 2,200 square feet of livable space! Add to this, with R7-1 zoning, 6,925 total build-able square footage, which means another 4,731-extra build-able square footage to develop as an add-on, this is an astonishing investment and development opportunity! This is a very exciting area for development, just around the corner from Linden Boulevard, where there's an exorbitant amount of new development, and it is easy to see how this property is already creating a lot of excitement! It's an extraordinary opportunity! Call today!
Off market
$1,710,000
870 New York Ave, Brooklyn, NY 11203
7beds
2,200sqft
MultiFamily
Built in 1910
-- sqft lot
$-- Zestimate®
$777/sqft
$4,425 Estimated rent