Ad #7997913
MLS #502080
Prime Midwood Development Opportunity - Rare Package Sale 1761 &
1761 E 12th St, Brooklyn, NY 11229
$5,999,000
--Beds
--Baths
--Sqft
0.08Acres
About this property
Prime Midwood Development Opportunity - Rare Package Sale 1761 & 1763 E 12th Street are offered together as a package, featuring R7A zoning and a combined lot size of 60' * 117' (approximately 7,020 SF). This is a rare opportunity for developers to acquire a substantial site in one of Brooklyn's most desirable neighborhoods. These two properties are currently generating approximately $185,000 in annual rental income, allowing investors to benefit from immediate cash flow while planning future redevelopment and minimizing carrying costs. Potential to develop 50+ residential units, subject to zoning, approvals, and architectural review. Potential eligibility for Affordable Housing programs and applicable tax incentive programs, including opportunities that may qualify for 421-a/related replacement tax benefits, where applicable and subject to government requirements. Developers and buyers are strongly encouraged to consult their architect, zoning consultant, and legal professionals to verify buildable square footage, unit count, and eligibility for Affordable Housing and tax abatement programs.
Property Features
0 Beds
0 Baths
0 Sqft
0.08 Acres
2 Stories
Siding: Brick
Asphalt Roof
$47,454 / yr property tax
Kings County
Additional Photos
Contact Information
Ray Long Wu
Ashford Homes LLC
929-364-1301
Location
Listing Agent: Ray Long Wu 929-364-1301
Broker: Ashford Homes LLC 929-364-1301 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Ashford Homes LLC 929-364-1301 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$5,999,000
--
Beds
--
Baths
--
Sqft
1761 E 12th St, Brooklyn, NY 11229
By contacting this agent you agree to these Terms and Conditions.
MLS# 502080
Prime Midwood Development Opportunity - Rare Package Sale 1761 &
$5,999,000
1761 E 12th St, Brooklyn, NY 11229
--
Beds
--
Baths
--
Sqft
0.08
Acres
$5,999,000
1761 E 12th St, Brooklyn, NY 11229
-- Beds
-- Baths
-- Sqft
0.08 Acres
Prime Midwood Development Opportunity - Rare Package Sale 1761 & 1763 E 12th Street are offered together as a package, featuring R7A zoning and a combined lot size of 60' * 117' (approximately 7,020 SF). This is a rare opportunity for developers to acquire a substantial site in one of Brooklyn's most desirable neighborhoods. These two properties are currently generating approximately $185,000 in annual rental income, allowing investors to benefit from immediate cash flow while planning future redevelopment and minimizing carrying costs. Potential to develop 50+ residential units, subject to zoning, approvals, and architectural review. Potential eligibility for Affordable Housing programs and applicable tax incentive programs, including opportunities that may qualify for 421-a/related replacement tax benefits, where applicable and subject to government requirements. Developers and buyers are strongly encouraged to consult their architect, zoning consultant, and legal professionals to verify buildable square footage, unit count, and eligibility for Affordable Housing and tax abatement programs.
42 days
on BeachHouse.com
53
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
0.08 Acres
2 Stories
EXTERIOR
Siding: Brick
Asphalt Roof
FINANCIAL & COMMUNITY
$47,454 / yr property tax
Kings County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7997913
Viewed
53 times
Listing Status
Active
Added
Jun 30, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
502080
Listing Agent: Ray Long Wu 929-364-1301
Broker: Ashford Homes LLC 929-364-1301 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Ashford Homes LLC 929-364-1301 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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