704 Lefferts Ave
Brooklyn, NY 11203 East Flatbush

Development Site - 704 Lefferts Avenue, Brooklyn, NY 11203

Asking Price: $1,350,000

Prime Development Opportunity in Crown Heights / Wingate

Rare chance to acquire a 25 ft × 110 ft (2,750 SF) development lot in one of Brooklyn’s most desirable corridors. This property is planned for a 6-story residential building with 7 units, an elevator, and cellar, offering significant upside for developers and investors seeking a boutique multi-family project in a thriving market.

Property Overview

Lot Dimensions: 25 ft × 110 ft

Lot Area: 2,750 SF

Zoning: Residential (permitted FAR supports approx. 8,181 buildable SF)

Development Type: Multi-Unit Residential, Boutique 7-Unit Building

Planned Features: Elevator, Cellar, Modern Residential Units

Highlights

Centrally located between Crown Heights and Wingate, offering strong rental demand and long-term appreciation potential

Excellent access to public transportation, including 2, 5 subway lines and multiple bus routes

Convenient proximity to Kingston Avenue, Flatbush Avenue, and Empire Boulevard for shopping, dining, and community amenities

Boutique building project ideal for developers looking to create modern, high-demand rental or condo units

Neighborhood Insight

This area of Brooklyn is highly sought-after due to its proximity to schools, parks, retail, and cultural destinations, while maintaining the charm of a residential neighborhood. The Crown Heights / Wingate corridor continues to see investment growth, making it a strong opportunity for developers to capture value in a highly desirable Brooklyn market.

Ideal For

Developers seeking a boutique, mid-rise residential project

Investors targeting long-term appreciation in Crown Heights / Wingate

Builders looking to create 7 high-demand residential units with modern amenities