77 New Jersey Ave - 75-77 New Jersey Avenue, Brooklyn, NY 11207 5,000 Acres of Residential Land Offered at $1,018,590 CAD in Brooklyn, NY 11207

75-77 New Jersey Avenue presents a compelling ground-up development opportunity in Cypress Hills, one of Brooklyn’s most rapidly evolving neighborhoods. The assemblage is zoned R4, which permits as-of-right free-market residential rental or community facility construction — offering developers a clear, uncomplicated path to new multifamily housing without the complexities of inclusionary mandates or special permits.
The existing structure on site has reached the end of its useful life and will require full demolition prior to construction, providing a clean-slate canvas for a purpose-built, income-producing rental asset or community facility for both investment or owner use. With Broadway Junction less than a third of a mile away and strong subway access to Manhattan and the broader borough, the site benefits from exceptional transit connectivity that appeals to the modern renter profile and supports sustained occupancy and rent performance.