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588 E 22nd St - 588 East 22nd Street 0.12 Acres of Commercial Land Offered at $3,559,596 CAD in Brooklyn, NY 11226
INVESTMENT HIGHLIGHTS
- Easy Access to the 2 and 5 Train
- A walk away from local retailers, church's, and schools
EXECUTIVE SUMMARY
Nest Seekers is honored to presenting an exceptional development opportunity in the heart of historic Ditmas Park, Brooklyn. Located at 588 East 22nd Street, this fully detached property offers a spacious 3,996 square foot lot with dimensions of 40 feet by 100 feet and a ground elevation of 28 feet. Zoned R7A, this property is ideal for significant residential development, boasting a maximum buildable floor area of 15,984 square feet. The current structure, a two-family home built in 1915 with dimensions of 24 by 29 feet, offers 2,448 square feet of existing space, with an additional 2,438 square feet of unused floor area. With the potential to construct an 8-story building with two units on each floor, this site offers the capacity for 16 residential units.
Bring Your Architect! Development Opportunity Synopsis:
• Maximum Buildable Floor Area: 15,984 sq ft
• Height: 8 Floors
• Units: 16 Residential Units
• Zoning: R7A
• Lot Dimensions: 40 × 100
Please reach out for both rental and condo new developments comps.
Bring Your Architect! Development Opportunity Synopsis:
• Maximum Buildable Floor Area: 15,984 sq ft
• Height: 8 Floors
• Units: 16 Residential Units
• Zoning: R7A
• Lot Dimensions: 40 × 100
Please reach out for both rental and condo new developments comps.
PROPERTY FACTS
| Price | $3,559,596 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.12 AC |
| No. Lots | 1 | ||
| Zoning | R7A | ||
| Price | $3,559,596 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.12 AC |
| Zoning | R7A |
1 LOT AVAILABLE
Lot 0057
| Price | $3,559,596 CAD | Lot Size | 0.12 AC |
| Price Per AC | $29,698,443.97 CAD |
| Price | $3,559,596 CAD |
| Price Per AC | $29,698,443.97 CAD |
| Lot Size | 0.12 AC |
Bring Your Architect! Development Opportunity Synopsis: • Maximum Buildable Floor Area: 15,984 sq ft • Height: 8 Floors • Units: 16 Residential Units • Zoning: R7A • Lot Dimensions: 40 × 100
DESCRIPTION
Situated in a vibrant neighborhood, this property is conveniently located near the Brooklyn Botanic Garden and Prospect Park, offering residents access to lush green spaces, a 60-acre lake, and various recreational facilities. The proximity to local amenities and the charm of Ditmas Park’s tree-lined streets make this an ideal location for new development in a thriving community.
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Walk Score®
Very Walkable (79)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
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588 E 22nd St - 588 East 22nd Street
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