601 Ashford StBrooklyn, NY 11207

This exceptional 3,600 square foot residential lot, located at 601 & 605 Ashford Street in Brooklyn, NY (zip code 11207), presents a remarkable development opportunity. Situated in Kings County, this 40-foot wide vacant lot offers 4,500 buildable square feet, allowing for the construction of a substantial multi-family building. Zoned R5 (1.25) with a 40-foot height limit, the property is ideally suited for a four-story structure, potentially yielding an eight or sixteen-unit apartment building. Its convenient location, just one block from the 2, 3, and 4 subway lines on New Lots Avenue, provides easy access to Downtown Brooklyn and Manhattan. The surrounding area boasts numerous shops and restaurants along New Lots Avenue, enhancing the property's appeal and potential rental income. The lease expires on March 27, 2024, and the property is locally owned. This is a rare chance to acquire a highly desirable development site in a thriving Brooklyn neighborhood. The asking price is $562,500.