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77 New Jersey ave
Brooklyn, NY 11207
Land For Sale
·
5,000.00 AC
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 5,000.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R4 | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 5,000.00 AC |
| Opportunity Zone |
Yes |
| Zoning | R4 |
1 Lot Available
Lot
| Price | $1,025,288 CAD | Lot Size | 5,000.00 AC |
| Price Per AC | $205.06 CAD |
| Price | $1,025,288 CAD |
| Price Per AC | $205.06 CAD |
| Lot Size | 5,000.00 AC |
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