1040 E 53rd St 0.09 Acres of Commercial Land Offered at $996,499 CAD in Brooklyn, NY 11234

Two adjacent residential tax lots (Lot 70 & Lot 71) totaling approximately 4,000 square feet (40’ x 100’) located in the East Flatbush section of Brooklyn. The property offers 40 feet of combined frontage on a quiet residential block and is zoned R4, allowing for low-density residential development.
The site presents a strong opportunity for developers and builders to capitalize on a two-lot configuration, with the potential to construct two separate 1–2 family homes (subject to zoning and approvals). The existing lot configuration provides flexibility for phased development, independent financing, and multiple exit strategies.
Surrounded by established residential housing and ongoing new construction activity, the property is well-positioned to meet continued demand for new 1–2 family homes in the area.
Two Separate Tax Lots: Lot 70 & Lot 71 (individually assessed)
Total Lot Size: Approx. 4,000 SF (40’ x 100’)
Zoning: R4 (low-density residential)
Buildable Area: Approx. 3,000 SF total (0.75 FAR)
Development Potential: Suitable for two 1–2 family homes (buyer to verify)
Building Class B1 - TWO FAMILY BRICK
Configuration Advantage: Ability to treat as two independent development parcels
Vacant Delivery: Property delivered vacant at closing
No Existing Income: Clean slate for immediate development planning
Utilities: Available in street (buyer to verify)
Survey / Due Diligence: Buyer responsible for verifying lot dimensions, zoning, and development potential