2875 16th Street
Brooklyn, NY 11224
0.11Acre(Lot)
Prime Brooklyn Development Opportunity! Great Opportunity for builders and investors! This oversized 40x118 property offers 4,750 Sq. Ft. of land with R6 zoning and C1-2 commercial overlay. The property offers approximately 10,450 buildable Square. Ft. as of right with potential for up to 18,525 Sq. Ft. under the affordable housing incentive program or 22,800 Sq. Ft. for a qualifying community facility. Located in a designated Federal Opportunity zone. Excellent opportunity for residential or mixed-use development! All zoning and development potential should be independently verified by a licensed architect.
Property Details
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Lot Information
Lot Dimensions: 118 x 40 Lot Size Acres: 0.11 Lot Size Square Feet: 4720
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Listing Price Information
Listing Price: $1198000
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2118 Mermaid Avenue, Brooklyn, NY, 11224 | $1,443,999 | -- | -- | -- | 0.09 Acre(Lot) |
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ByOwner last updated this listing 10/01/2026 @ 11:01
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