For Sale
$1,850,000

670 Liberty Ave Brooklyn, NY 11207

Prime Brooklyn corner lot, 18,900 buildable SF.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional East New York development opportunity presents a 5,250 square foot corner lot at 670 Liberty Avenue, Brooklyn, NY 11207. The property boasts a significant 18,900 square foot buildable footprint (as-of-right) due to its R7A, C2-4, and MIH zoning designations. Currently featuring a 1,313 square foot commercial building occupied month-to-month (deliverable vacant), this site offers flexibility for various development projects. Its strategic location, just 0.3 miles from the (E) and (C) subway lines, ensures convenient access to the rest of New York City. The property benefits from low annual taxes ($8,608) and low anticipated demolition costs. A Phase I Environmental Site Assessment is available upon request. This prime location in a rapidly growing area, coupled with the potential for substantial tax benefits through the 485X tax abatement, makes this a compelling investment opportunity for developers seeking to capitalize on the revitalization of East New York. The lot dimensions are 52.5 feet by 100 feet.

Highlights

  • Corner lot, 52' x 100', R6A, C2-4 (MIH) zoning.
  • 18,900 square feet as-of-right buildable.
  • 0.3 miles from E and C subway lines.
  • Month-to-month tenancy, vacant delivery possible.
  • Low taxes ($8,608 annually) and demolition costs.
  • Phase I ESA available.

Property Details for 670 Liberty Ave

Property type
Land

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.676135218283
Longitude
-73.884857773637

FAQs

What type of property is this?
Land - Prime Brooklyn corner lot, 18,900 buildable SF.
Where is the land located?
The property is located at 670 Liberty Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Corner lot, 52' x 100', R6A, C2-4 (MIH) zoning.; 18,900 square feet as-of-right buildable.; 0.3 miles from E and C subway lines.
How can I contact the broker?
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670 Liberty Ave
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