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704 Lefferts Ave 0.06 Acres of Residential Land Offered at $1,350,000 in Brooklyn, NY 11203
EXECUTIVE SUMMARY
Development Site - 704 Lefferts Avenue, Brooklyn, NY 11203
Asking Price: $1,350,000
Prime Development Opportunity in Crown Heights / Wingate
Rare chance to acquire a 25 ft × 110 ft (2,750 SF) development lot in one of Brooklyn’s most desirable corridors. This property is planned for a 6-story residential building with 7 units, an elevator, and cellar, offering significant upside for developers and investors seeking a boutique multi-family project in a thriving market.
Property Overview
Lot Dimensions: 25 ft × 110 ft
Lot Area: 2,750 SF
Zoning: Residential (permitted FAR supports approx. 8,181 buildable SF)
Development Type: Multi-Unit Residential, Boutique 7-Unit Building
Planned Features: Elevator, Cellar, Modern Residential Units
Highlights
Centrally located between Crown Heights and Wingate, offering strong rental demand and long-term appreciation potential
Excellent access to public transportation, including 2, 5 subway lines and multiple bus routes
Convenient proximity to Kingston Avenue, Flatbush Avenue, and Empire Boulevard for shopping, dining, and community amenities
Boutique building project ideal for developers looking to create modern, high-demand rental or condo units
Neighborhood Insight
This area of Brooklyn is highly sought-after due to its proximity to schools, parks, retail, and cultural destinations, while maintaining the charm of a residential neighborhood. The Crown Heights / Wingate corridor continues to see investment growth, making it a strong opportunity for developers to capture value in a highly desirable Brooklyn market.
Ideal For
Developers seeking a boutique, mid-rise residential project
Investors targeting long-term appreciation in Crown Heights / Wingate
Builders looking to create 7 high-demand residential units with modern amenities
Asking Price: $1,350,000
Prime Development Opportunity in Crown Heights / Wingate
Rare chance to acquire a 25 ft × 110 ft (2,750 SF) development lot in one of Brooklyn’s most desirable corridors. This property is planned for a 6-story residential building with 7 units, an elevator, and cellar, offering significant upside for developers and investors seeking a boutique multi-family project in a thriving market.
Property Overview
Lot Dimensions: 25 ft × 110 ft
Lot Area: 2,750 SF
Zoning: Residential (permitted FAR supports approx. 8,181 buildable SF)
Development Type: Multi-Unit Residential, Boutique 7-Unit Building
Planned Features: Elevator, Cellar, Modern Residential Units
Highlights
Centrally located between Crown Heights and Wingate, offering strong rental demand and long-term appreciation potential
Excellent access to public transportation, including 2, 5 subway lines and multiple bus routes
Convenient proximity to Kingston Avenue, Flatbush Avenue, and Empire Boulevard for shopping, dining, and community amenities
Boutique building project ideal for developers looking to create modern, high-demand rental or condo units
Neighborhood Insight
This area of Brooklyn is highly sought-after due to its proximity to schools, parks, retail, and cultural destinations, while maintaining the charm of a residential neighborhood. The Crown Heights / Wingate corridor continues to see investment growth, making it a strong opportunity for developers to capture value in a highly desirable Brooklyn market.
Ideal For
Developers seeking a boutique, mid-rise residential project
Investors targeting long-term appreciation in Crown Heights / Wingate
Builders looking to create 7 high-demand residential units with modern amenities
PROPERTY FACTS
| Price | $1,350,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.06 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R6 - Lot Dimensions: 25 ft × 110 ft Lot Area: 2,750 SF Zoning: Residential (permitted FAR supports approx. 8,181 buildable SF) Development Type: Multi-U | ||
| Price | $1,350,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.06 AC |
| Opportunity Zone |
Yes |
| Zoning | R6 - Lot Dimensions: 25 ft × 110 ft Lot Area: 2,750 SF Zoning: Residential (permitted FAR supports approx. 8,181 buildable SF) Development Type: Multi-U |
1 LOT AVAILABLE
Lot
| Price | $1,350,000 | Lot Size | 0.06 AC |
| Price Per AC | $22,531,168.12 |
| Price | $1,350,000 |
| Price Per AC | $22,531,168.12 |
| Lot Size | 0.06 AC |
Lot Dimensions: 25 ft × 110 ft Lot Area: 2,750 SF Zoning: Residential (permitted FAR supports approx. 8,181 buildable SF) Development Type: Multi-Unit Residential, Boutique 7-Unit Building
1 1
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (74)
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704 Lefferts Ave
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