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740 40th St 1.43 Acres of Commercial Land Offered at $10,750,000 in Brooklyn, NY 11232
Executive Summary
Take advantage of a newly reduced price on this exceptional 1.43-acre development site located at 740 40th Street in the heart of Brooklyn’s highly sought-after Sunset Park neighborhood.
This 125’ x 100’ vacant lot in an R7A zone offers a rare opportunity for high density development with a 5.0 FAR, yielding approximately 62,500 buildable square feet.
AG approval is already in place, streamlining with development process.
Located in Sunset prime area, one block away from Sunset Place Center Park.
This elevated property listing for sale offers strong potential for growth. The potential buyer(s) have the flexibility to develop the property for rental income or to construct condominiums for resale.
This is a prime opportunity for immediate expansion, as there are no open vacancies in the surrounding area.
Mass transit opportunities close by, including subway and city bus transportation.
This 125’ x 100’ vacant lot in an R7A zone offers a rare opportunity for high density development with a 5.0 FAR, yielding approximately 62,500 buildable square feet.
AG approval is already in place, streamlining with development process.
Located in Sunset prime area, one block away from Sunset Place Center Park.
This elevated property listing for sale offers strong potential for growth. The potential buyer(s) have the flexibility to develop the property for rental income or to construct condominiums for resale.
This is a prime opportunity for immediate expansion, as there are no open vacancies in the surrounding area.
Mass transit opportunities close by, including subway and city bus transportation.
Property Facts
| Price | $10,750,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.43 AC |
| Zoning | R7A - is a medium-density residential zoning district | ||
| Price | $10,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.43 AC |
| Zoning | R7A - is a medium-density residential zoning district |
1 Lot Available
Lot
| Price | $10,750,000 | Lot Size | 1.43 AC |
| Price Per AC | $7,492,317.76 |
| Price | $10,750,000 |
| Price Per AC | $7,492,317.76 |
| Lot Size | 1.43 AC |
This 125’ x 100’ vacant lot in an R7A zone
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00919-0016 | Improvements Assessment | $126,000 |
| Land Assessment | $141,300 | Total Assessment | $267,300 |
Property Taxes
Parcel Number
00919-0016
Land Assessment
$141,300
Improvements Assessment
$126,000
Total Assessment
$267,300
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Presented by
Shulem Goldberger
740 40th St
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