This property is a vacant lot located in the Prime Ocean Hill neighborhood in Brooklyn, NY. The property is shovel ready with approved plans for 42 residential units. With the exceptionally high demand for newly constructed residential units construction is currently booming in the area thereby greatly increasing the development potential and its value. The incoming buyer can capitalize on the property’s close proximity to public transportation and the opportunity to realize the appreciating residential rents in the area. Additionally, The property benefits from a 15 year tax abatement further escalating its value and income.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
