91 East 31st Street Flatbush, Brooklyn Development opportunity with clear upside in a transit driven Flatbush location.
| Website: | https://www.nestseekers.com/5385650 |
|---|---|
| Address: | 91 East 31st Street Brooklyn, NY 11226 |
| Cross street: | Snyder Avenue |
| Type: | House |
| Era: | Post-war |
| Floors: | 3 |
| Ownership: | Multi-Family |
|---|---|
| Rooms: | 10 |
| Bedrooms: | Studio |
Financials
Price:$800,000
Real estate tax:$6,492
Description
91 East 31st Street Flatbush, Brooklyn Development opportunity with clear upside in a transit-driven Flatbush location. CASH OFFERS ONLY -Situated on an 18' x 100' lot within an R6 zoning district, this two-family property offers a straightforward path to expansion or full repositioning.The existing structure spans approximately 2,160 square feet and is configured as a two-family with an English basement, allowing for flexible layouts and multiple end-use scenarios. Whether delivered as a renovated multi-unit, owner-user with income, or expanded asset, the current configuration provides a usable base while plans are developed.The key value lies in the additional buildable square footage. With a maximum allowable build of approximately 3,960 square feet, there is roughly 1,800 square feet of unused FAR-creating a clear opportunity for vertical expansion or reconfiguration to maximize returns.Located in an Opportunity Zone and within close proximity to the 2/5 subway lines, the property benefits from strong rental fundamentals and long-term appreciation drivers.This is a clean, scalable project for developers seeking a manageable footprint with meaningful upside in a steadily growing Brooklyn submarket.
Key Development Facts:Lot: 18 ft x 100 ft (1,800 SF)
Building: 18 ft x 40 ftExisting: 2,160 SF
Configuration: Two-family + English basement
Zoning: R6
Max Buildable: 3,960 SF
Additional FAR: 1,800 SF
Stories: 2
Year Built: 1910T
Taxes: $6,500 - Please independently verify
Opportunity Zone: Yes
Transit: 0.16 miles to 2/5
Key Development Facts:Lot: 18 ft x 100 ft (1,800 SF)
Building: 18 ft x 40 ftExisting: 2,160 SF
Configuration: Two-family + English basement
Zoning: R6
Max Buildable: 3,960 SF
Additional FAR: 1,800 SF
Stories: 2
Year Built: 1910T
Taxes: $6,500 - Please independently verify
Opportunity Zone: Yes
Transit: 0.16 miles to 2/5
Amenities
- Patio
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1 718-302-0900 Fax: +1 718-228-3917 | |
| Listing Courtesy of Corcoran Group | |