$850,000

Estimated payment $5,473/month

Total Views 12,556
0.56 Acre
$1,531,392 Price per Acre
24,178 Sq Ft Lot

About This Lot

Unlock the potential of this prime 24,178 square foot lot, offering a rare opportunity to create something truly special in a highly sought-after location. Zoned R1-7, which currently permits single-family development with a 7,000 square foot minimum lot size, this site provides a solid foundation for residential projects. Given its proximity to Lorraine Terrace, a neighborhood of apartment buildings, there may also be an opportunity to seek a zoning variance for a larger-scale residential development.

Conveniently positioned with easy access to major highways, public transportation, schools, and local amenities, this site is perfectly situated for growth and development. To the north, the Oakwood Gardens complex of nine 5-story apartment buildings offers a potential neighbor for a larger residential project. The east side of Lorraine Avenue features three apartment buildings totaling 26 units, further enhancing the area’s appeal.

Whether you're an investor, developer, or visionary home builder, this lot offers an exciting blank canvas to shape the future of this thriving community.

Disclaimer: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, age, zoning, lot size are approximate. Buyer must verify the information and bears all risk for any inaccuracies

Listing Agent

Firas Toum

Keller Williams Realty Empire Listed on: 02/05/2025

Keller Williams Realty Empire

Co-Listing Agent

Dalila Saket

Keller Williams Realty Empire

Property Details

Property Type

  • Land

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 215 x 119
  • Irregular Lot

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Borough: Other
  • Co List Office Mls Id: 117340
  • Co List Office Phone: (718) 954-8400
  • Confirmed By M L S Y N: Yes
  • Cross Street: Sycamore Ave
  • Property Sub Type: Land
  • Prop. Type: Land
  • Street Name I D X: Lorraine
  • Street Number I D X: 100
  • Special Features: None

Interior Features

  • Lot Sq Ft: 24178

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 215
  • Lot Size Width: 119

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2025 02/05/25 For Sale $850,000 -- --
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 489038

Brooklyn Board of REALTORS®