Development Site – 537 East New York Avenue, Brooklyn, NY 11225 Asking Price: $2,000,000 Prime Crown Heights Development Opportunity Presenting an exceptional development site in the heart of Crown Heights, one of Brooklyn’s most rapidly evolving residential corridors. Located between Kingston Avenue and New York Avenue, this 40 ft × 90 ft (3,600 SF) lot offers a rare opportunity for developers and investors to build a multi-unit residential project in a thriving neighborhood known for its strong rental demand and continued growth. Property Overview Lot Dimensions: 40 ft × 90 ft Lot Area: 3,600 SF Zoning: R6 Residential District Buildable Area: Approx. 8,000 to 10,800 SF (subject to verification) Development Type: Multi-Unit Residential Highlights Centrally located between Prospect Lefferts Gardens and Wingate, providing access to two dynamic and in-demand Brooklyn communities Close proximity to major thoroughfares including Nostrand Avenue, Kingston Avenue, and Empire Boulevard Excellent transit options with nearby 2, 3, 4, and 5 subway lines, plus multiple bus routes for easy connectivity to Manhattan and other boroughs Ideal for developers looking to construct rental apartments, condos, or a mixed-use project (subject to zoning and verification) Strong rental and resale potential in a neighborhood that continues to see new construction and increasing property values Neighborhood Insight Crown Heights has become one of Brooklyn’s most desirable destinations, known for its beautiful tree-lined blocks, diverse culture, and convenient access to Prospect Park and major shopping destinations. The area is seeing continuous investment with a surge of modern developments, restaurants, cafés, and retail spaces transforming the local landscape. This property is perfectly situated to take advantage of that momentum, offering a balance of community character and new development energy. Ideal For Developers seeking a shovel-ready residential project Investors looking for long-term appreciation and value growth Builders exploring boutique condo or rental opportunities in a prime Brooklyn location Exclusive Listing by: Valerie Sebbag