929 86Th StBrooklyn, NY 11236

For Sale
Call for price

2,000 sq ft lot, R5B zoning

Overview

Added:
Dec 11, 2024
Days on market:
95
Prime Brooklyn location at 929 E 86th St, this 20 x 100 foot vacant lot presents a remarkable development opportunity. Zoned R5B, it allows for the construction of a 1-to-4 family home, maximizing the 2,700 square foot maximum usable floor area. Alternatively, the property's flexible zoning permits the addition of medical or community service facilities, leveraging the unused FAR of 2,700 square feet. Consider the potential for affordable housing solutions, such as incorporating 1-4 Boxabl tiny homes, along with valuable on-site parking. Approved plans for a 2-4 family dwelling are available. Annual real estate taxes are only $1,875, offering further cost advantages. Explore additional revenue streams by renting out parking spaces at $300 per month per car, or installing solar panels. The property's strategic location near shopping, public transportation, and restaurants enhances its appeal. This is a unique chance to build your dream project or create a lucrative investment.

Highlights

  • Prime vacant land located on East 84th Street between Flatlands Avenue and Avenue J.
  • R5B zoning, 20' x 100' lot in a residential area.
  • Build a 1-4 family home, or utilize the 2,700 sq ft maximum buildable area for a medical or community facility.
  • Potential for additional FAR (Floor Area Ratio) and parking.
  • Low annual property taxes of $1,875.
  • Explore options like solar panels, renting parking spaces ($300/month per car), or installing a car lift.

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6378597
Longitude
-73.9079777
929 86Th St, Brooklyn, New York

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929 86Th St
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