Prime Development Opportunity - Old Mill Basin, Brooklyn Rare opportunity to acquire a 25 x 100 vacant land parcel in the highly desirable Old Mill Basin section of Brooklyn. Situated on a quiet residential block, this property offers tremendous potential for both end-users and developers alike. Zoned R3-2 with a C2-2 commercial overlay, the lot allows for a variety of development possibilities including one- and two-family residences, as well as potential mixed-use or community facility options (subject to approvals). Ideal for those looking to build a custom home, income-producing property, or explore commercial use at the ground level. Conveniently located near major roadways, shopping, schools, and public transportation, making it an attractive investment in a growing neighborhood. Bring your vision and unlock the full potential of this versatile parcel. Consult with your architect to explore all allowable uses
Lot/land
Price cut: $40.8K (7/1)
$298,000
1709 E 51st Street, Brooklyn, NY 11234
--beds
--baths
2,500Square Feet
Land
Built in ----
2,500 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 33 days |
- 238 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
American Homes Group 718-981-3400,
Ron Molcho 718-981-3400
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1010497
Facts & features
Property
Lot
- Size: 2,500 Square Feet
- Dimensions: 25 x 100
Details
- Parcel number: 078960038
- Zoning: R3-2
- Special conditions: None
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Location
- Region: Brooklyn
Financial & listing details
- Tax assessed value: $762,000
- Annual tax amount: $7,899
- Date on market: 6/17/2026
- Cumulative days on market: 34 days
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Price change | $298,000-12% |
Source:  SIBOR #2603175 Report a problem | ||
| 6/7/2026 | Listed for sale | $338,800+145.5% |
Source: SIBOR #2603175 Report a problem | ||
| 5/13/2026 | Sold | $138,000-77.4% |
Source: SIBOR #2602919 Report a problem | ||
| 3/4/2025 | Sold | $609,489+52.8% |
Source: Public Record Report a problem | ||
| 5/7/2022 | Listing removed | -- |
Source:  OneKey® MLS as distributed by MLS GRID #3212904 Report a problem | ||
| 2/26/2020 | Pending sale | $399,000 |
Source: Pachot Realty LLC #437000 Report a problem | ||
| 2/25/2020 | Listed for sale | $399,000+81.4% |
Source: Pachot Realty LLC #437000 Report a problem | ||
| 3/18/1999 | Sold | $220,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,997 +4.7% | $45,720 -15.1% |
| 2024 | $7,636 | $53,820 +11.4% |
| 2023 | -- | $48,300 +16.2% |
| 2022 | -- | $41,580 +3.3% |
| 2021 | -- | $40,260 +11.5% |
| 2020 | $7,109 +6% | $36,120 |
| 2019 | $6,706 +7.3% | $36,120 +20.8% |
| 2018 | $6,253 +8.8% | $29,890 +6% |
| 2017 | $5,749 +4.3% | $28,200 |
| 2016 | $5,514 | $28,200 +0.8% |
| 2015 | $5,514 +84.5% | $27,986 +6% |
| 2014 | $2,989 | $26,403 +6% |
| 2013 | -- | $24,909 +6% |
| 2012 | -- | $23,500 |
| 2011 | -- | $23,500 +0.8% |
| 2010 | -- | $23,322 +6% |
| 2009 | -- | $22,003 +6% |
| 2008 | -- | $20,758 +6% |
| 2007 | -- | $19,584 |
| 2006 | -- | $19,584 +0.8% |
| 2005 | -- | $19,435 +6% |
| 2004 | -- | $18,336 +6% |
| 2003 | -- | $17,299 +6% |
| 2002 | -- | $16,320 |
| 2001 | -- | $16,320 +0.8% |
| 2000 | -- | $16,196 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Flatlands
Nearby schools
GreatSchools rating
- 8/10Ps 203 Floyd BennettGrades: PK-5Distance: 0.2 mi
- 6/10Jhs 78 Roy H MannGrades: 6-8Distance: 0.7 mi
- 4/10James Madison High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Ps 203 Floyd Bennett School
- Middle: Jhs 78 Roy H Mann
- High: James Madison High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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