About This Home

This land at 1040 E 53rd Street in Brooklyn, NY is listed for $569,000 (0.09 acres).

Key Features

  • 0.09 acre lot
Listing Description

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 In

come: 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

1040 E 53rd Street

Brooklyn, NY 11234

East Flatbush

Questions & Answers

This 0-bedroom, 0-bathroom land at 1040 E 53rd Street is listed at $569,000. The estimated monthly payment is $3,043 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.09 acre lot.

This property is listed by Moishe Kraus.

MK

Moishe Kraus

Agent at KRAUS MOISHE

Listed by KRAUS MOISHE · Broker phone: 347-488-9022 · View on Broker Site

MLS# 12028697· Source: My State MLS· 12 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1040 E 53rd Street, Brooklyn, NY 11234

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