About the Listing 10325 - 63932

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. New York City forward thinking Zoning Program "The City of Yes", you have the opportunity to build to the same specifications as R6 Zoning. That means the R4 designation should not be seen as a limitation but rather as an open door to higher - density residential or mix - use development. The site is perfectly suited for a medical facility with community use bonus. 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. 

Listing Highlights for 620 E 40th St

Listing Location