1377 East 93rd Street

INVESTMENT HIGHLIGHTS CANARSIE

1377 EAST 93rd St, Brooklyn

Prime Canarsie Location: Situated in a Canarsie neighborhood in Brooklyn

Value-Add Opportunity: Bungalow for a gut renovation, allowing investors to modernize

Spacious Lot: The property sits on a 2,825 sq ft lot (28.25 ft x 100 ft), providing ample space for potential expansion or redevelopment.

Redevelopment Potential: With an existing structure of 680 sq ft and an unused Floor Area Ratio (FAR) of 1,441 sq ft, there is significant room to expand the living space up to 2,119 sq ft.

Low Property Taxes: Annual property taxes are only$4,245, enhancing potential returns.

Detached Structure: The property is fully detached, offering privacy and flexibility in renovation plans.

Vacant Property: The property is currently vacant, allowing for immediate commencement of renovation work.

Flexible Zoning: Zoned R4-1, which supports residential development, providing flexibility in redevelopment plans.

Solid Structure: Built in 1945 with a frame construction and aluminum/vinyl exterior, the property has a solid foundation for renovation.