New York, NY 11223

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.3 Acres

Financials

Price:$1,598,000
Annual Taxes:$11,900.72
Listing Courtesy of American Homes Group

Rare Bensonhurst Development Opportunity.

Description

Rare Bensonhurst Development Opportunity. Exceptional opportunity to acquire two adjoining two-family properties being sold together as a development assemblage in the heart of Bensonhurst, Brooklyn. The combined parcels offer approximately 8,700 square feet of land and are situated in an R5 zoning district. Of particular importance to developers, the assemblage is located within a Qualifying Residential Site (QRS) area, creating the potential for enhanced residential development opportunities under current NYC zoning regulations. The existing two-family homes provide potential income while a purchaser develops plans and pursues approvals. With substantial combined lot area, established residential surroundings, and convenient access to shopping, transportation and neighborhood amenities, this offering presents an excellent opportunity for a developer, builder, investor or 1031 exchange purchaser. All zoning, QRS eligibility, FAR, buildable square footage, unit count and development potential should be independently verified by the purchaser and their architect.

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.