2702 Foster Ave 1.1 Acres of Commercial Land Offered at $1,000,000 in Brooklyn, NY 11210

Rare Opportunity – Development-Ready Lot in East Flatbush, Brooklyn
Discover a standout development opportunity at 1285 Rogers Avenue, Brooklyn, NY 11210 — a prime infill lot in the heart of East Flatbush with tremendous potential.
• Generous lot footprint: approx. 45.7’ × 102.5’ (4,600+ sq ft) zoned R5B — one of the few available large footprints in the area.
• Clean canvas: minimal built structure (~800 sq ft) allows for cost-efficient redevelopment planning.
• Versatile use potential: well suited to multifamily residential, mixed-use, or rental apartment development (subject to approvals).
• Excellent location: walkable neighborhood, integrated transit network, and strong Brooklyn housing demand.
• Strategic investment: ideal for experienced developers or owner-users seeking long-term value, rental income, or resale upside.
Redevelopment is feasible under R5B: row-house or low-rise multifamily. If the zoning allows higher density with contextual exceptions (as per the draft document) there may be upside by designing cleverly.
The lot size is somewhat irregular but offers near 6,800 sq ft buildable area.
• Walk Score 88/100 (Very Walkable), Transit Score 100/100 (Rider’s Paradise) for the lot. PropertyShark+1
• Subway access: Nearby stations include lines on the IRT Nostrand Avenue (2/5) and in the broader East Flatbush area. Wikipedia
• Bus routes and major thoroughfares provide connectivity east-west and north-south.
• For residents: good access to NYC core (Manhattan) and other parts of Brooklyn, which supports rental demand from commuting professionals, families, etc.
• East Flatbush is still considered “not gentrifying” at scale, meaning there may be first-mover advantage for quality new supply or repositioning existing stock. Wikipedia+1
• Because median incomes are below the borough average and rent burden is moderate, there is demand for housing that is affordable to mid-income residents.
• Retail and local service businesses tied to the Caribbean diaspora are relatively stable—supporting mixed-use buildings or ground-floor retail/amenities.
• Zoning commentary (see above) suggests local government is aware of development pressure and may be receptive to housing preservation / new housing. cbbrooklyn.cityofnewyork.us+1
• Consider a mixed-use (residential + retail) or small multifamily project (especially if zoning allows).
• Estimate rental yield based on local incomes, occupancy rates, and rental comparables in the sub-$3,000-to-$4,000/month range for 2-3 bed units (assuming you research current comps).
• Highlight potential upside if the neighborhood sees small-scale new development, upgrading of housing stock, and increased market attention (the “something’s brewing” pitch).
• Include risk/mitigation: moderate income levels mean you may need to design units that are cost-efficient, target mid-income renters, and manage leasing/maintenance effectively.
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Key Slides / Pitch Points for Investors
• Lot & zoning: 4,325 sq ft lot, buildable ~5,800 sq ft under current zoning; R5B contextually zoned—row house / small multifamily compatible. (check actual FAR/height)
• Location strengths: Transit Score 100, Walk Score 88, in East Flatbush, strong Caribbean diaspora community, stable population base.
• Neighborhood demographics: ~149k residents; dominant Black/Caribbean composition; median household income ~US$49 k; rent-burden ~54%.
• Market opportunity: Mid-income rental demand, relatively less competition than ultra-hot Brooklyn corridors, community supports new housing, zoning allows.
• Investment thesis: Acquire at attractive entry cost ? develop 6-12 unit residential building (or ground-floor retail + units) ? stabilize cash flow ? hold/flip or refinance for yield.
• Value adds: Consider unit mix appealing to families or roommates (2-3 beds), include amenities/retail to increase NOI, highlight cultural retail adjacency.

If you’re pitching to investors: highlight that the zoning is clear (less uncertainty) and that the neighborhood is experiencing pressure for new residential supply—but still moderate-density, which often appeals to “neighborhood-scale” multi-family investors rather than tower developers.
Be sure to verify any overlays, height limits, parking/lot-coverage requirements, and whether developer incentives (like incentives for affordability) might apply.
Don’t miss this rare chance to secure a premier development lot in one of Brooklyn’s most accessible neighborhoods. Contact us today to explore zoning, build-out options, and timing. 718 908 0460 HOMEBUYDEALS@GMAIL.COM