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 | |
| Updated | September 17th, 2026 |
| Type | Land |
| Price | $579,000 |
| Land | 0.09 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

