Pending

8729 20th Avenue

Brooklyn, NY 11214
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SqFt5,824

Sqft(Lot)

Acres0.16

Acre(Lot)

Prime Development Opportunity in Bensonhurst. Unlock the full potential of this exceptional development site, now benefiting from the newly approved City of Yes for Housing Opportunity zoning changes. This Qualifying Residential Site is located in an R5 zone and now allows for a 2.0 Floor Area Ratio (FAR), providing approximately 13,534 buildable square feet on a 6,767 sq ft lot with an impressive 70-foot frontage. Copyrighted proposed plans—available upon request—envision a five-story, 20-unit residential building and qualify for a parking requirement waiver, offering significant development flexibility and efficiency. Situated just minutes away from the 20th Avenue D train station, the property offers excellent transit access and is surrounded by the vibrant amenities of 86th Street's shopping and dining corridor, as well as close proximity to the Gravesend Bay waterfront, parks and schools. The existing structure is a 2.75-story mixed-use building currently classified as Primarily One-Family with Store or Office (currently a community facility). This is a rare opportunity to capitalize on one of South Brooklyn’s most transit-connected and amenity-rich neighborhoods, while taking advantage of NYC’s push for smart, sustainable residential growth. Proposed architectural plans are copyrighted and will be shared with qualified buyers. Disclaimer: This sale may be subject to approval by the Attorney General and Supreme Court pursuant to the Not-for-Profit Corporation Law, if required.

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Detail Ic Property Details

Property Type : Land

Price : $3,500,000

AD Id : 63876769

MLS Id : 490741

Lot Size : 0.16 Acre(Lot)

Living Area Size : 5,824

County : Kings

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Feature Features

  • Building Information

    Year Built: 1910 Building Area Total: 5824 Stories: 3 Private Pool: No

  • Lot Information

    Lot Dimensions: 96 x 70 Lot Size Acres: 0.16 Lot Size Square Feet: 6767

  • Listing Price Information

    Listing Price: $3500000 Original Price: $3999000

  • Tax Information

    Tax Lot: 15 Tax Block: 6409 Annual Tax: $12669
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2502 84th Street, Brooklyn, NY, 11214 $3,600,000 -- -- -- 0.24 Acre(Lot)
222A Bay 48th Street, Brooklyn, NY, 11214 $120,000 -- -- -- 877 Sqft(Lot)
2332 86th Street, Brooklyn, NY, 11214 $2,850,000 -- -- 2,400 0.04 Acre(Lot)
2150 80th Street, Brooklyn, NY, 11214 $3,999,900 -- -- -- 0.14 Acre(Lot)
8420 18th Avenue, Brooklyn, NY, 11214 $498,000 -- -- -- 0.02 Acre(Lot)

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 06/06/2026 @ 17:44

MLS: 490741 LISTED BY: Lawrence Wong, MadisonEstates Sothebys Realty 718-232-1004 SOURCE: Brooklyn Board of REALTORS

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