Andrew Parker of The Parker Team of The Corcoran Group has been retained to exclusively represent 1388 & 1390 E95th St - 2 - two families with four one bedroom units on a 55 x 100 lot located in sought after Canarsie which is mostly a residential neighborhood in the southeastern portion of Brooklyn, New York City. Canarsie is bordered on the east by Fresh Creek Basin and East 108th Street; on the north by Linden Boulevard; on the west by Ralph Avenue; on the southwest by Paerdegat Basin; and on the south by Jamaica Bay.

1388 & 1390 has tremendous opportunities for development or cash flow with a projected gross monthly income of $6,800 which is $1,700.00 per one bedroom unit. Property has lots of parking & Can be delivered vacant

Possible Development Site
Two Family Dwellings: Frame 4 Floors 2
Lot Dimensions 55' X 100
Lot Area 5,500)
FAR 0.47
Max Res. FAR0.75
Building Dimensions 18.5' X 38'
Year Built 1920
Existing SqFt 2,592
Max Res. SqFT 4,125
R4A (LOW DENSITY RESIDENTIAL - Possible zoning variance to R6 which would create a FAR of 3

Located blocks from the Rockaway L station providing quick access to NYC. Blocks from the Belt Parkway, minutes to JFK. Steps away from shopping in either direction.

Owner motivated. Submit all offers considered (Confirm possible variance with your Architect)