1040 East 53rd Street, Brooklyn, NY

Land for Sale - $579,000 - 0.09 acres


Agent Info

Marvin Kraus
Blueberry Group Realty

Property Info

CIMLS#1196740
Location
  1040 East 53rd Street
  Brooklyn NY 11234
UpdatedSeptember 17th, 2026
TypeLand
Price$579,000
Land0.09 acres

Property Description

Two adjacent residential tax lots (Lot 70 & Lot 71) totaling approximately 4,000 square feet (40’ x 100’) located in the East Flatbush section of Brooklyn.​ The property offers 40 feet of combined frontage on a quiet residential block and is zoned R4, allowing for low-density residential development.​

The site presents a strong opportunity for developers and builders to capitalize on a two-lot configuration, with the potential to construct two separate 3 family homes (subject to zoning and approvals).​ Can build 5,400 SF + basement, The existing lot configuration provides flexibility for phased development, independent financing, and multiple exit strategies.​

Surrounded by established residential housing and ongoing new construction activity, the property is well-positioned to meet continued demand for new 1–2 family homes in the area.​

Two Separate Tax Lots: Lot 70 & Lot 71 (individually assessed)

Total Lot Size: Approx.​ 4,000 SF (40’ x 100’)

Zoning: R4 (low-density residential)

Buildable Area: Approx.​ 5,400 SF total (1.35 FAR) + Basment

Development Potential: Suitable for two 3 family homes

Building Class B1 -

Configuration Advantage: Ability to treat as two independent development parcels or one

Vacant Delivery: Property delivered vacant at closing

No Existing Income: Clean slate for immediate development planning

Utilities: Available in street (buyer to verify)

Survey / Due Diligence: Buyer responsible for verifying lot dimensions, zoning, and development potential


Financials



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