700-702 Schenck Ave

700 and 702 Schenck Avenue present a rare opportunity to acquire two vacant lots offered together as a package deal, complete with approved plans to develop two three-family residences. Priced at $750,000 for both lots, this offering is ideally suited for investors or developers looking to capitalize on a rapidly evolving Brooklyn neighborhood with strong upside potential. The approved plans streamline the development process, allowing you to move directly into execution and bring two income-producing properties to life, with 700 Schenck Avenue offering approximately 3,316 square feet of floor area plus a cellar, and 702 Schenck Avenue offering approximately 2,764 square feet of floor area plus a cellar. With demand for well-designed multi-family housing on the rise, this project offers the ability to create modern residences tailored to today’s rental market while maximizing long-term returns. East New York continues to see significant growth, driven by infrastructure improvements and increasing interest from both end-users and investors. The property is conveniently located near the New York City Subway, with access to the A, C, J, and L lines providing a relatively easy commute into other parts of Brooklyn and Manhattan. Nearby green spaces such as Highland Park and Shirley Chisholm State Park offer expansive outdoor amenities, biking trails, and waterfront views. The surrounding neighborhood features a growing selection of local dining and everyday conveniences, with popular spots like East Harbor Seafood Palace, Lindenwood Diner, and neighborhood cafes adding to the area’s appeal. With ongoing residential development and city investment, East New York is steadily transforming into a strong destination for long-term growth. This is a compelling opportunity to secure two buildable lots with plans in place in a neighborhood on the rise—perfect for developers seeking scale, efficiency, and future value. For a full set of approved plans, please email us directly.