1040 E 53rd St - Commercial LAND FOR SALE


Brooklyn, NY 11234- East Flatbush3,999 SF
$749,000 USD
347-488-9022
1040 E 53rd St, Brooklyn, NY for Sale
$749,000 USD
Commercial LAND - FOR SALE
1/3
3,999 SF

1040 E 53rd St
Brooklyn, NY 11234
East Flatbush


HIGHLIGHTS

  • Two Separate Tax Lots
  • Ideal Development Footprint (40’ × 100’ Combined)
  • R4 Zoning (Stable Low-Density Residential Upside)
  • Clean Slate Development Opportunity

OVERVIEW

Two adjacent residential tax lots (Lot 70 & Lot 71) totaling approximately 4,000 square feet (40’ x 100’) located in the East Flatbush section of Brooklyn. The property offers 40 feet of combined frontage on a quiet residential block and is zoned R4, allowing for low-density residential development. The site presents a strong opportunity for developers and builders to capitalize on a two-lot configuration, with the potential to construct two separate 1–2 family homes (subject to zoning and approvals). The existing lot configuration provides flexibility for phased development, independent financing, and multiple exit strategies. Surrounded by established residential housing and ongoing new construction activity, the property is well-positioned to meet continued demand for new 1–2 family homes in the area. Two Separate Tax Lots: Lot 70 & Lot 71 (individually assessed) Total Lot Size: Approx. 4,000 SF (40’ x 100’) Zoning: R4 (low-density residential) Buildable Area: Approx. 3,000 SF total (0.75 FAR) Development Potential: Suitable for two 1–2 family homes (buyer to verify) Building Class B1 - TWO FAMILY BRICK Configuration Advantage: Ability to treat as two independent development parcels Vacant Delivery: Property delivered vacant at closing No Existing Income: Clean slate for immediate development planning Utilities: Available in street (buyer to verify) Survey / Due Diligence: Buyer responsible for verifying lot dimensions, zoning, and development potential

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/ACRE

$8,156,643/AC

PRICE/SF

$187 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.09 AC

LAND SF

4,000 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Telephone

ZONING

R4

APN/PARCEL ID

07736-0070,07736-0071

ASK ABOUT THIS PROPERTY

Moishe (Marvin) KrausBlueberry Group RealtyMore Info
347-488-9022

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Moishe (Marvin) KrausBlueberry Group RealtyMore Info
347-488-9022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.