601 Ashford StBrooklyn, NY 11207
- Residential income properties
Property Details for 601 Ashford St
- Property type
- Residential income properties
- Property subtype
- Other land
Description
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.
Location Insight
- City
- Brooklyn
- County
- Kings
- State
- New York
- Latitude
- 40.6673
- Longitude
- -73.8832
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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