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8729 20th Avenue, Brooklyn, NY 11214

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For Sale

$2,399,000

5,824 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $411.92
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Welcome to a rare gem, presenting an exceptional opportunity for those seeking ample space and development potential. Boasting a generous lot size of 70' X 96.67' (Lot Area 6,767) and building dimensions of 56 x 78 (Approx. 5,824 sq ft), this property stands as a canvas for your visionary projects. Currently, the property is utilized as a meeting and banquet room on the first floor, offering versatile possibilities for event hosting or commercial endeavors, while the second floor features a cozy 2-bedroom, 1-bathroom apartment. Additionally, an unfinished cellar and attic provide further potential for expansion or customization to suit your needs. Situated in the vibrant neighborhood of Bustling Bath Beach, this location offers the best of Brooklyn living. Enjoy the convenience of nearby amenities along 86th Street, easy access to transportation with the 20th Avenue D train and buses, and the serene ambiance of the Gravesend Bay waterfront promenade. Zoned for low-density residential use, this property allows for exploration of various development options, with a maximum residential floor area ratio (FAR) of 1.25 and a maximum residential square footage of 8,459. Whether you're a seasoned developer or a homeowner with a vision, this property provides endless possibilities for transformation and growth. Delivered vacant upon closing, seize the opportunity to unlock the full potential of this property. Please note that this sale may be subject to obtaining Attorney General and Supreme Court approval of sale, if required, pursuant to the Not-for-Profit Corporation Law. Don't miss out on this chance to own a piece of Brooklyn's evolving landscape. Schedule your viewing today and envision the possibilities awaiting! Block/ Lot: 6409/ 15 Lot Footprint: 6,767 SQ FT. Zoning: R5 (1.25 MAX FAR) Max Buildable: 8,459 SQ FT. 2023 Property Tax: $12,669/yr.
MLS# 480871

Courtesy Of Weichert Realtors The Franzese

(718) 232-1004

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Aluminum Siding, Brick
  • Floor Covering
    Tile
  • Heating Fuel
    Natural Gas
  • Lot Size
    0.16 Acres
  • Roof Type
    Composition Shingle

Map and Directions

Directions to 8729 20th Avenue, Brooklyn, NY 11214

Home seller CENTURY 21 Realty First

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Realty First

(718) 758-5838
Learn More About Us

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Copyright © 2024 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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