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1645 E New York Avenue

$950,000

1645 East New York Avenue, Brooklyn, NY 11233

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Last Updated: 09/15/2025

1,440 sqft

Building Size

2,100 sqft

Lot Area

Details:
Building Size:    1,440 sqft
Lot Area:    2,100 sqft
Zoning:    R7A, C2-4
Highlights:
  • Development Potential: Zoned R7A with a C2-4 overlay, the property allows for 8,400 buildable SF as-of-right, with potential to expand to 10,521 buildable SF under the City of Yes zoning bonus.
  • Opportunity Zone: Located within a federally designated Opportunity Zone, providing substantial tax incentives, including deferral, reduction, and potential elimination of capital gains taxes on qualifying investments.
  • Affordable Entry Point: Asking price of $950,000 equates to under $113 per buildable SF as-of-right, competitive for Brooklyn development sites.
  • City of Yes: FAR increase from 4.00 to 5.01 under proposed zoning initiative.
  • Strong Transit Access: Within walking distance to the Sutter Ave (L) and Rockaway Ave (3) subway stations, and just a 6-minute walk to the LIRR Atlantic Avenue stop, providing direct access to Manhattan, JFK Airport, and Long Island.
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Documents:
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Offering Memorandum
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