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8729 20th Avenue, Brooklyn, NY 11214

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For Sale

$3,500,000

5,824 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $600.96
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Prime Development Opportunity in Bensonhurst. Unlock the full potential of this exceptional development site, now benefiting from the newly approved City of Yes for Housing Opportunity zoning changes. This Qualifying Residential Site is located in an R5 zone and now allows for a 2.0 Floor Area Ratio (FAR), providing approximately 13,534 buildable square feet on a 6,767 sq ft lot with an impressive 70-foot frontage. Copyrighted proposed plans available upon request envision a five-story, 20-unit residential building and qualify for a parking requirement waiver, offering significant development flexibility and efficiency. Situated just minutes away from the 20th Avenue D train station, the property offers excellent transit access and is surrounded by the vibrant amenities of 86th Street's shopping and dining corridor, as well as close proximity to the Gravesend Bay waterfront, parks and schools. The existing structure is a 2.75-story mixed-use building currently classified as Primarily One-Family with Store or Office (currently a community facility). This is a rare opportunity to capitalize on one of South Brooklyn s most transit-connected and amenity-rich neighborhoods, while taking advantage of NYC s push for smart, sustainable residential growth. Proposed architectural plans are copyrighted and will be shared with qualified buyers. Disclaimer: This sale may be subject to approval by the Attorney General and Supreme Court pursuant to the Not-for-Profit Corporation Law, if required.
MLS# 490741

Courtesy Of Weichert Realtors The Franzese

(718) 232-1004

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.16 Acres

Map and Directions

Directions to 8729 20th Avenue, Brooklyn, NY 11214

Home seller CENTURY 21 Realty First

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Realty First

(718) 758-5838
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.