154 Lenox Road

Fully Approved 37-Unit Residential Development Site – Prospect Lefferts Gardens, Brooklyn

154 Lenox Road, Brooklyn, NY 11226
Asking Price $6,995,000
Type Development Site
Neighborhood Prospect Lefferts Gardens, Brooklyn
Properties --
Lot Size 8,477 SF
Zoning Code R7-1
Size Max Buildable SF – 29,161
Stories --
Units --
Air Rights --

Investment Highlights:

Meridian Investment Sales is pleased to present the exclusive offering for 154 Lenox Road – a fully approved residential development site in the heart of Prospect Lefferts Gardens, Brooklyn. The property boasts a prime location as it is situated just blocks from Prospect Park in a burgeoning residential area. Containing fully approved plans, potential investors will enjoy the ability to develop 36,822 gross square feet (28,605 ZFA) of residential space. Situated on a fully vacant and shovel-ready development site, the proposed building features ground floor parking and rises 7-stories with 37 units. Investors will enjoy the flexibility to build luxury, 100% free market rentals or condominiums. Development sites of this caliber rarely come to market, particularly with fully approved plans, in an increasingly sought after residential area.

Location:

South Side of Lenox Road with 50 feet of frontage between Bedford and Rogers Avenues.

Property Listing Contact:

David Schechtman // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com

Lipa Lieberman // Managing Director // 800 3rd Ave., New York, NY // 212.468.5908 // llieberman@meridiancapital.com

Abie Kassin // Director // 800 3rd Ave., New York, NY // 212.468.5909 // akassin@meridiancapital.com

Scott Burk // Managing Director // 800 3rd Ave., New York, NY // 212.468.5942 // sburk@meridiancapital.com

Adan Elias Kornfeld // Director // 800 3rd Ave., New York, NY // 212.468.5910 // aeliaskornfeld@meridiancapital.com