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Crown Heights Development 537 New York Ave 12 Unit Apartment Building $2,752,160 CAD ($229,347 CAD/Unit) Brooklyn, NY 11225
Investment Highlights
- Prime Crown Heights Development Opportunity
- Lot Dimensions: 40 ft × 90 ft
- Buildable Area: Approx. 8,000 to 10,800 SF (subject to verification)
Executive Summary
Development Site – 537 East New York Avenue, Brooklyn, NY 11225
Asking Price: $2,000,000
Prime Crown Heights Development Opportunity
Presenting an exceptional development site in the heart of Crown Heights, one of Brooklyn’s most rapidly evolving residential corridors. Located between Kingston Avenue and New York Avenue, this 40 ft × 90 ft (3,600 SF) lot offers a rare opportunity for developers and investors to build a multi-unit residential project in a thriving neighborhood known for its strong rental demand and continued growth.
Property Overview
Lot Dimensions: 40 ft × 90 ft
Lot Area: 3,600 SF
Zoning: R6 Residential District
Buildable Area: Approx. 8,000 to 10,800 SF (subject to verification)
Development Type: Multi-Unit Residential
Highlights
Centrally located between Prospect Lefferts Gardens and Wingate, providing access to two dynamic and in-demand Brooklyn communities
Close proximity to major thoroughfares including Nostrand Avenue, Kingston Avenue, and Empire Boulevard
Excellent transit options with nearby 2, 3, 4, and 5 subway lines, plus multiple bus routes for easy connectivity to Manhattan and other boroughs
Ideal for developers looking to construct rental apartments, condos, or a mixed-use project (subject to zoning and verification)
Strong rental and resale potential in a neighborhood that continues to see new construction and increasing property values
Neighborhood Insight
Crown Heights has become one of Brooklyn’s most desirable destinations, known for its beautiful tree-lined blocks, diverse culture, and convenient access to Prospect Park and major shopping destinations. The area is seeing continuous investment with a surge of modern developments, restaurants, cafés, and retail spaces transforming the local landscape.
This property is perfectly situated to take advantage of that momentum, offering a balance of community character and new development energy.
Ideal For
Developers seeking a shovel-ready residential project
Investors looking for long-term appreciation and value growth
Builders exploring boutique condo or rental opportunities in a prime Brooklyn location
Exclusive Listing by: Valerie Sebbag
Asking Price: $2,000,000
Prime Crown Heights Development Opportunity
Presenting an exceptional development site in the heart of Crown Heights, one of Brooklyn’s most rapidly evolving residential corridors. Located between Kingston Avenue and New York Avenue, this 40 ft × 90 ft (3,600 SF) lot offers a rare opportunity for developers and investors to build a multi-unit residential project in a thriving neighborhood known for its strong rental demand and continued growth.
Property Overview
Lot Dimensions: 40 ft × 90 ft
Lot Area: 3,600 SF
Zoning: R6 Residential District
Buildable Area: Approx. 8,000 to 10,800 SF (subject to verification)
Development Type: Multi-Unit Residential
Highlights
Centrally located between Prospect Lefferts Gardens and Wingate, providing access to two dynamic and in-demand Brooklyn communities
Close proximity to major thoroughfares including Nostrand Avenue, Kingston Avenue, and Empire Boulevard
Excellent transit options with nearby 2, 3, 4, and 5 subway lines, plus multiple bus routes for easy connectivity to Manhattan and other boroughs
Ideal for developers looking to construct rental apartments, condos, or a mixed-use project (subject to zoning and verification)
Strong rental and resale potential in a neighborhood that continues to see new construction and increasing property values
Neighborhood Insight
Crown Heights has become one of Brooklyn’s most desirable destinations, known for its beautiful tree-lined blocks, diverse culture, and convenient access to Prospect Park and major shopping destinations. The area is seeing continuous investment with a surge of modern developments, restaurants, cafés, and retail spaces transforming the local landscape.
This property is perfectly situated to take advantage of that momentum, offering a balance of community character and new development energy.
Ideal For
Developers seeking a shovel-ready residential project
Investors looking for long-term appreciation and value growth
Builders exploring boutique condo or rental opportunities in a prime Brooklyn location
Exclusive Listing by: Valerie Sebbag
Property Facts Under Contract
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04792-0001 | Improvements Assessment | $195,426 CAD |
| Land Assessment | $39,331 CAD | Total Assessment | $234,757 CAD |
Property Taxes
Parcel Number
04792-0001
Land Assessment
$39,331 CAD
Improvements Assessment
$195,426 CAD
Total Assessment
$234,757 CAD
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Crown Heights Development | 537 New York Ave
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