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716 Ditmas Ave 0.06 Acres of Residential Land Offered at $899,000 in Brooklyn, NY 11218
Investment Highlights
- Located in Brooklyn's established Kensington neighborhood.
- Near F subway service and multiple transit connections.
Executive Summary
We are most pleased to present this desirable piece of land in the heart of the Kensington section of Brooklyn, NY. The zoning is R5 which allows for buildable up to 4,242 sq ft. Possibilities are endless that would be ideal for medical facility, house of worship, condominiums, luxury rentals, or custom multi family home. Convenient to F train and various mass transportation. Easy access to Manhattan and surrounded by incredible shopping, restaurants, botanical gardens, museums and parks. Land is scarce and this location is fabulous! Kindly reach out for additional information on this prime location.
Property Facts
| Price | $899,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.07 AC |
| Property Type | Land | ||
| Zoning | R5 - A low-density residential zoning district in NYC (found in Brooklyn, Queens, Bronx, Staten Island) allowing for detached, semi-detached, and attached house types, as well as small apartment buildings. | ||
| Price | $899,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.07 AC |
| Zoning | R5 - A low-density residential zoning district in NYC (found in Brooklyn, Queens, Bronx, Staten Island) allowing for detached, semi-detached, and attached house types, as well as small apartment buildings. |
1 Lot Available
Lot
| Price | $899,000 | Lot Size | 0.07 AC |
| Price Per AC | $13,830,769.23 |
| Price | $899,000 |
| Price Per AC | $13,830,769.23 |
| Lot Size | 0.07 AC |
Description
The site is positioned near the F subway line and multiple public transportation options, providing connectivity throughout Brooklyn and access into Manhattan. Kensington's established residential character, proximity to Prospect Park amenities, cultural institutions, and surrounding neighborhood services support a variety of potential end uses permitted under applicable zoning regulations. For developers, investors, and owner-users seeking a Brooklyn infill opportunity, the property offers a chance to pursue a project in a built-out urban market where vacant land opportunities are relatively limited.
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05401-0007 | Improvements Assessment | $0 |
| Land Assessment | $333,000 | Total Assessment | $333,000 |
Property Taxes
Parcel Number
05401-0007
Land Assessment
$333,000
Improvements Assessment
$0
Total Assessment
$333,000
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716 Ditmas Ave