# 1040 E 53rd Street, Brooklyn, NY 11234 > **TL;DR:** land, $569,000. Est. $3,043/mo. Listed 15 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $569,000 | | Lot Size | 3,999 sqft (0.09 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 15 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,877 | | Estimated Insurance | $166 | | **Total** | **$3,043** | ## Property Highlights - 0.09 acre lot ## Description ### Agent 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 Income: 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 - **Address:** 1040 E 53rd Street, Brooklyn, NY 11234 - **County:** Kings - **Neighborhood:** East Flatbush - **Coordinates:** 40.633788, -73.92584 - **Google Maps:** https://www.google.com/maps?q=40.633788,-73.92584 ## Listing Agent - **Name:** Moishe Kraus - **Brokerage:** KRAUS MOISHE - **Broker Phone:** 347-488-9022 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1040-E-53rd-St_Brooklyn_NY_11234_M95693-05888?f=listhub&s=NYSMLS&m=12028697&c=propsimple) ## Photos ![1040 E 53rd Street - Photo 1](http://lh.rdcpix.com/d641cef058294deca572582af48296afl-f697092969r.jpg) ![1040 E 53rd Street - Photo 2](http://lh.rdcpix.com/d641cef058294deca572582af48296afl-f4057801150r.jpg) ![1040 E 53rd Street - Photo 3](http://lh.rdcpix.com/d641cef058294deca572582af48296afl-f543477482r.jpg) --- **MLS#:** 12028697 | **Updated:** 2026-10-27 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/1040-e-53rd-street-brooklyn-ny-11234-7351f234edcd4a9ebc1dc89278025c94) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1040-e-53rd-street-brooklyn-ny-11234-7351f234edcd4a9ebc1dc89278025c94#listing", "url": "https://www.propertysimple.ai/listing/1040-e-53rd-street-brooklyn-ny-11234-7351f234edcd4a9ebc1dc89278025c94", "name": "1040 E 53rd Street, Brooklyn, NY 11234", "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. 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