464 E New York Ave, New York City, NY 11225

Description

Development or Renovation Opportunity in Wingate – Bordering Prospect Lefferts Gardens

Located at the intersection of vibrant Wingate and charming Prospect Lefferts Gardens, this 20 ft x 100 ft lot presents an exceptional opportunity for developers or end users with vision. Whether you're looking to build your dream residence or invest in a project with serious potential, this property delivers on all fronts.

This legal two-family home, currently configured as a single-family, boasts a generous Residential FAR of 2.43 and Facility FAR of 4.8, allowing for a maximum usable floor area of 4,860 square feet. With just 860 square feet currently built, there are over 4,000 square feet of unused FAR—an ideal canvas for expansion or redevelopment.

Set on a tree-lined street, the property enjoys the best of both worlds: the residential tranquility of Wingate and the vibrant culture of Prospect Lefferts Gardens. Just a short distance away is Hamlet Coffee Company, a local favorite known for its exceptional coffee and cozy neighborhood vibe, along with other shops, green spaces, and convenient transit options.

Whether you're a seasoned developer in search of your next project or an end user ready to design a personalized home in one of Brooklyn’s most promising enclaves, 464 E New York Ave is full of untapped potential.