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Residential Land for Sale in Brooklyn, New York

1040 E 53rd St, Brooklyn, NY 11234

$569,000
0.092 acres
Active sale
ago
Est $4,255/mo

Two adjacent residential tax lots (Lot 70 & Lot 71) totaling approximately 4,000 square feet (40' x 100') located in the East Flatbush section of Brooklyn. The property offers 40 feet of combined frontage on a quiet residential block and is zoned R4, allowing for low-density residential development. The site presents a strong opportunity for developers and builders to capitalize on a two-lot configuration, with the potential to construct two separate 3 family homes (subject to zoning and approvals). Can build 5,400 SF + basement, The existing lot configuration provides flexibility for phased development, independent financing, and multiple exit strategies. Surrounded by established residential housing and ongoing new construction activity, the property is well-positioned to meet continued demand for new 1-2 family homes in the area. Two Separate Tax Lots: Lot 70 & Lot 71 (individually assessed) Total Lot Size: Approx. 4,000 SF (40' x 100') Zoning: R4 (low-density residential) Buildable Area: Approx. 5,400 SF total (1.35 FAR) + Basment Development Potential: Suitable for two 3 family homes Building Class B1 - Configuration Advantage: Ability to treat as two independent development parcels or one Vacant Delivery: Property delivered vacant at closing No Existing Income: Clean slate for immediate development planning Utilities: Available in street (buyer to verify) Survey / Due Diligence: Buyer responsible for verifying lot dimensions, zoning, and development potential Investment highlights Two Separate Tax Lots Can build 5,400 SF + basement Ideal Development Footprint (40' x 100' Combined) R4 Zoning (Stable Low-Density Residential Upside) Clean Slate Development Opportunity

Location

Street address
1040 E 53rd St
Zip code
11234
Community
East Flatbush
Elevation
16 feet
Coordinates
40.6338, -73.9258

Property details

Lot size
0.092 acres4,008 sq ft
Zoning
Residential
MLS #
MyStateMLS 12028697
Posted

Property taxes

Recent
$3,000

Listing history

DateEventPriceChangeSource
Oct 15, 2026New listing$569,000—MyStateMLS
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This 0.092-acre property is located at 1040 E 53rd St in Brooklyn, NY 11234. The land is available for sale, priced at $569,000.

Listed by Kraus Moishe, (347) 488-9022

Checked 2 hours agoUpdated Source

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