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708 Monroe St - Development Opportunity 0.05 Acres of Residential Land Offered at $1,600,000 in Brooklyn, NY 11221
INVESTMENT HIGHLIGHTS
- Development opportunity in Bedford-Stuyvesant, Brooklyn.
- Approved plans for 6 apartment units.
- Plans and DD available upon request.
- The property has a 2,042 SF lot with 4,084 BSF and 4,901 BSF with City of Yes.
- Foundation is nearly complete, with 85% of the work done.
- Close to Utica Avenue [A, C] and Gates Avenue [J, Z] Subway Stations.
PROPERTY FACTS
| Price | $1,600,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Zoning | R6B - R6B is a medium-density residential zoning district designed to preserve the scale of traditional row-house neighborhoods. | ||
| Price | $1,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.05 AC |
| Zoning | R6B - R6B is a medium-density residential zoning district designed to preserve the scale of traditional row-house neighborhoods. |
1 LOT AVAILABLE
Lot
| Price | $1,600,000 | Lot Size | 0.05 AC |
| Price Per AC | $34,131,148.94 |
| Price | $1,600,000 |
| Price Per AC | $34,131,148.94 |
| Lot Size | 0.05 AC |
DESCRIPTION
Asset CRG Advisors is pleased to present a prime development opportunity at 708 Monroe Street in Bedford-Stuyvesant, Brooklyn. This 2,042 SF lot offers 4,084 buildable square feet, with potential to expand up to 4,901 BSF under the City of Yes zoning initiative. The property comes with approved plans for a sixunit residential building, and its foundation is already 85% complete, allowing a new owner to begin vertical construction quickly and efficiently. Located in a thriving residential pocket of BedfordStuyvesant, the site provides convenient access to the Utica Avenue [A, C] and Gates Avenue [J, Z] Subway Stations. The surrounding area is home to a strong mix of national and local retailers, including McDonald’s, Dunkin’, Walgreens, and Bravo Supermarkets, offering future residents excellent amenities in one of Brooklyn’s most dynamic and evolving neighborhoods.
PROPERTY TAXES
| Parcel Number | 01642-0024 | Improvements Assessment | $0 |
| Land Assessment | $113,400 | Total Assessment | $113,400 |
PROPERTY TAXES
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708 Monroe St - Development Opportunity
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