Development site in East Flatbush on a 27.
556 Schenectady Avenue
Brooklyn, NY 11203
Listing
| Web ID: | 5789935 |
|---|---|
| Website: | https://www.nestseekers.com/5789935 |
| Cross street: | Rutland Road |
| Building: | 556 Schenectady Avenue Brooklyn |
| Type: | House |
| Era: | Post-war |
| Floors: | 1 |
Property
| Ownership: | Single Family |
|---|---|
| Rooms: | 4 |
| Bedrooms: | Studio |
Financials
Price:$1,099,000
Real estate tax:$2,220
Description
Development site in East Flatbush on a 27.5' x 100' lot (approx. 2,750 SF), currently improved with a semi-detached single-family home. Analysis indicates a minimum rebuild of approximately 6,072 SF. The property sits directly across from Kingsbrook Jewish Medical Center — a hospital, rehab, and medical-office corridor with steady institutional demand. That location supports more than one exit:
Rebuild a larger multifamily or multi-unit residential building.
Build a larger single-family / two-family for an end-user who wants scale, outdoor space, and a deep 100' lot.
Explore a community-facility or medical-adjacent use given the hospital frontage (subject to zoning and DOB).
Semi-detached configuration,
Deep 100-foot lot,
Frontage on Schenectady Avenue in a dense, housing-short section of central Brooklyn,
Located in an Opportunity Zone, which may be relevant for gain-deferral / QOF capital (buyer to confirm tract status and tax treatment).
Buyer to independently verify zoning, FAR, height, parking, and Opportunity Zone eligibility.
Contact
Listing Courtesy of Compass