This prime development site in Bensonhurst presents an exceptional opportunity for investors and developers alike

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Bensonhurst

8729 20th Ave, Brooklyn, NY 11214

This prime development site in Bensonhurst presents an exceptional opportunity for investors and developers alike. Zoned R5, the property allows for a Floor Area Ratio (FAR) of 2.0, translating to approximately 13,534 buildable square feet on a generous 6,767 sq ft lot, featuring an impressive 70-foot frontage. The location benefits from the recently approved City of Yes for Housing Opportunity zoning changes, enhancing its development potential. Current plans envision a five-story residential building with 20 units, and the site qualifies for a parking requirement waiver, offering enhanced flexibility in development. Situated just minutes from the 20th Avenue D train station, the property ensures excellent transit accessibility. Surrounded by the vibrant amenities of 86th Street's shopping and dining corridor and in close proximity to Gravesend Bay, parks, and schools, this site is positioned to meet the demands of modern urban living while contributing to the community's growth. Additionally, the existing mixed-use structure provides a foundation for future development, making this an enticing prospect for those looking to capitalize on Brooklyn's evolving landscape.

Total Units: 1

For Sale: 0

For Rent: 0

Building type: Detached

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Bensonhurst

8729 20th Ave, Brooklyn, NY 11214

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