1508 Eastern Pkwy Brooklyn, NY 11233

This exceptional development opportunity in Brooklyn's Ocean Hill neighborhood presents a 2,522 sq ft corner lot at 1508 Eastern Pkwy, zoned R6 (Wide Street). The property boasts a 3.0 FAR, allowing for a maximum buildable square footage of 7,566 sq ft. Currently vacant, this lot minimizes demolition costs and offers significant potential for residential or commercial development. Its strategic location provides easy access to multiple subway lines (2, 3, 4, and 5 trains within 0.5 miles), enhancing its appeal and accessibility. The property benefits from the 485X tax abatement, resulting in low annual taxes of $2,037. Situated near the Broadway Junction terminal (undergoing redevelopment) and the revitalized Betsy Head Park, this site is ideally positioned within a rapidly growing area experiencing significant residential market expansion. A Phase I Environmental Site Assessment is available upon request. The asking price is $850,000. This is a rare chance to capitalize on the ongoing revitalization of Ocean Hill and contribute to its continued growth.