Lot/land

$1,250,000

479 Milford Street, Brooklyn, NY 11208

--beds

--baths

2,300Square Feet

Land

Built in ----

2,300 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Corner lot location

Located in the heart of East New York, one of Brooklyn`s most rapidly transforming neighborhoods, 477 Milford Street presents a rare opportunity for visionary developers. This vacant lot is being offered for redevelopment with with up to 3450 sqft. of buildable space ideal for up to 4 residential units (R5). This corner lot location adds to its appeal for prospective developers looking to invest in real estate development in the East New York area. Situated close to Linden BLvd., a major corridor in Brooklyn, the site benefits from exceptional exposure. Easy access to key transit, commercial hubs, including the Belt Parkway, N. Conduit, Gateway Center Mall, Cross Island Parkway and JFK Airport (attracting traffic from across BKLYN, QNS and LI). All zoning an buildable square footage should be independently verified- consult with an architect to confirm allwable use and development potential. (477 & 479 Milford Street cannot be bifurcated). Cash is king!

166 days

32

2

Facts & features

Property

Lot

Size: 2,300 Square Feet

Details

Parcel number: 044570043
Zoning: R5
Special conditions: None

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Location

Region: Brooklyn

Financial & listing details

Tax assessed value: $18,180
Annual tax amount: $3,146
Date on market: 2/6/2026
Cumulative days on market: 108 days
Listing agreement: Exclusive Right To Sell

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
3/31/2026	Price change	$1,250,000-16.7%
Source: OneKey® MLS as distributed by MLS GRID #957656 Report a problem
2/7/2026	Listed for sale	$1,500,000
Source: OneKey® MLS as distributed by MLS GRID #957656 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: East New York

Getting around

76 / 100

Very Walkable

72 / 100

Very Bikeable

Nearby schools

GreatSchools rating

3/10
Ps 202 Ernest S Jenkyns
Grades: PK-5Distance: 0.1 mi
5/10
Jhs 218 James P Sinnott
Grades: 6-8Distance: 0.2 mi
4/10
The School For Classics: An Academy Of Thinkers
Grades: 9-12Distance: 0.2 mi

Schools provided by the listing agent

Elementary: Contact Agent
High: Contact Agent

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.