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77 New Jersey Ave - 75-77 New Jersey Avenue, Brooklyn, NY 11207 Lot • Résidentiel • 5 000 Acres • 1 019 250 $ CAD • Brooklyn, NY 11207
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Faits saillants de l'investissement
- Free-Market Rental Development: R4 zoning permits unrestricted market-rate rents with no affordability overlays
- Strong Renter Demand: Cypress Hills affordability premium relative to adjacent neighborhoods drives sustained renter demand
- Exceptional Transit Access: Steps from Broadway Junction, with A/C, J/Z, and L subway lines serving Manhattan, Queens, and the broader borough
- Neighborhood Momentum: City-backed rezoning and infrastructure investment position the submarket for continued appreciation
Résumé de l'annonce
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.
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.
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 1 019 250 $ CAD | Taille du lot | 5 000,00 AC |
| Prix par AC | 203,85 $ CAD |
| Prix | 1 019 250 $ CAD |
| Prix par AC | 203,85 $ CAD |
| Taille du lot | 5 000,00 AC |
Description
The property is currently improved with an aging structure that is not economically viable for rehabilitation or adaptive reuse. Full demolition will be required before construction can commence.
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Walk Score®
Très pratique à pied (88)
Transit Score®
Un paradis pour conducteur (100)
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77 New Jersey Ave - 75-77 New Jersey Avenue, Brooklyn, NY 11207
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