Assignments

Single Family Home on a Corner 28’x100’ Lot

258 Lott Avenue, Brooklyn, NY 11212

258 Lott Avenue, Brooklyn, NY 11212

under contract

Asking
Sale Price
$
799000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
799000
Sale Price
$
Buildable SF
8400
Building SF
8400
LOT SF
8400
Cap RATE
%
Zoning
R6

Highlights

  • 8,400 BSF on a 28 ft x 100 ft corner lot
  • 1,116 sq. ft. brick residential structure (1 Family)
  • Delivered Vacant
  • Low Taxes ($5,085)
  • Proximity to 2, 3, 4, 5 trains at Junius St and L train at New Lots Ave
  • Strong demand for residential development in Brownsville

Property DEscription

Located on a wide street and boasting 2,800 sq. ft. of land (28x100), this R6-zoned property offers up to 8,400 sq. ft. of buildable free market residential space, or up to 10,920 sq. ft by utilizing the Universal Affordability Preference—ideal for a new multi-family development. Currently improved by a 1,116 sq. ft. one family home that will be delivered vacant, this lot presents a clean slate for ambitious developers ready to take advantage of the area’s growth. Situated in Brownsville, a neighborhood on the rise thanks to strong demand and ongoing revitalization efforts, this site stands at the crossroads of opportunity and transformation. Whether you're an investor or developer, this is your opportunity to make a solid investment in an area showing steady growth and long-term potential.

Map

Maha Alaoui
Senior Associate
(646) 559-4700
malaoui@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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