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Property Description
Prime Development Opportunity in East Flatbush, Brooklyn - 80" x 100" Lot with Endless Potential! Introducing 620 East 40th Street, a rare and expansive 8,000 sq ft lot located in the dynamic and well-connected neighborhood of East Flatbush.
This oversized parcel offers exceptional potential for developers and investors looking to capitalize on Brooklyn's continued growth. The property currently includes a large structure with 6 bedrooms, 4 bathrooms, a two-car garage, and a detached shed-delivering strong rental potential in its existing condition. With a double-wide 80-foot frontage and R4 zoning, this site is primed for transformative redevelopment. Key Development Highlights: As-of-right option: Build four 3-unit residences (approx. 2,000 sq ft each), totaling 12 residential units-well-suited for market-rate or affordable housing models. Community Facility Bonus: Pair residential development with a qualifying community use to push FAR to 1.4 (11,200 sq ft), eliminate parking requirements, and reach a max height of 35 feet (or 45 feet with AIRS).
Take advantage of new zoning allowances under R4 that promote housing flexibility and density in growth zones like East Flatbush. Proximity to public transit, healthcare centers, and essential amenities enhances this site's long-term value and community impact. Whether your goal is a multi-unit investment portfolio, a boutique condo project, or a socially driven housing initiative, 620 East 40th Street offers a one-of-a-kind canvas in a high-demand Brooklyn corridor.
Prime Development Opportunity in East Flatbush, Brooklyn - 80" x 100" Lot with Endless Potential! Introducing 620 East 40th Street, a rare and expansive 8,000 sq ft lot located in the dynamic and well-connected neighborhood of East Flatbush.
This oversized parcel offers exceptional potential for developers and investors looking to capitalize on Brooklyn's continued growth. The property currently includes a large structure with 6 bedrooms, 4 bathrooms, a two-car garage, and a detached shed-delivering strong rental potential in its existing condition. With a double-wide 80-foot frontage and R4 zoning, this site is primed for transformative redevelopment. Key Development Highlights: As-of-right option: Build four 3-unit residences (approx.
Overview
Property Type
Multi-family
Location
620 E 40TH Street, Brooklyn, NY 11203
MLS ID
RLS20037722
Listing Last Updated
7/17/2025 6:07 PM
Property Features & Amenities
Interior
Total Bedrooms
6
Full Bathrooms
4
Other Interior Features
Smoke Free
Exterior
Stories
1
Garage Spaces
2.0
Parking
Assigned, Garage
Air Conditioning
Central Air
Other Exterior Features
Private Outdoor Space Over 60 Sqft
Details
View Description
Other
Financial
Price
$2,100,000
Real Estate Tax
$8,700/yr
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