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1761 East 12th Street, Brooklyn, NY 11229

Brooklyn
Local realty services provided by:CENTURY 21 Homefront
1761 East 12th Street,Brooklyn, NY 11229
$5,999,900
  • 0.08 Acres
  • Lots / Land
  • Active
Listed by: ray long wu
Office: ashford homes llc.
MLS#:502067
Source:BROOKLYN

Price summary

  • Price:$5,999,900

About this home

Prime Midwood Development Opportunity – Rare Package Sale 1761 & 1763 E 12th Street are offered together as a package, featuring R7A zoning and a combined lot size of 60’ × 117’ (approximately 7,020 SF). This is a rare opportunity for developers to acquire a substantial site in one of Brooklyn’s most desirable neighborhoods. The property is currently generating approximately $185,000 in annual rental income, allowing investors to benefit from immediate cash flow while planning future redevelopment and minimizing carrying costs. Potential to develop 50+ residential units, subject to zoning, approvals, and architectural review. Potential eligibility for Affordable Housing programs and applicable tax incentive programs, including opportunities that may qualify for 421-a/related replacement tax benefits, where applicable and subject to government requirements. Developers and buyers are strongly encouraged to consult their architect, zoning consultant, and legal professionals to verify...

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Home facts

  • Listing ID #:502067
  • Added:1 day(s) ago
  • Updated:June 07, 2026 at 10:15 AM

Structure and exterior

  • Lot area:0.08 Acres

Finances and disclosures

  • Price:$5,999,900
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