Description

This East Flatbush/Flatlands package presents a rare investment opportunity, offering three lots for the price of one, totaling 8,000 sq. ft. across 80 x 100 lots in an M1-1 zoning district. The package includes 32 Preston (5332 Preston Court, Block #7949, Lot #263), a one-family duplex on a 20 x 100 lot with 3 bedrooms, a large living room, formal dining room, eat-in kitchen, and finished basement, currently rented month-to-month for $2,500; 34 Preston (Block #7949, Lot #262), a vacant 20 x 100 lot (2,000 sq. ft.); and 36 Preston (Block #7949, Lot #260), a 40 x 100 lot (4,000 sq. ft.) leased to Verizon with four years remaining at $2,600 per month. With M1-1 zoning, a Commercial FAR of 1, Facility FAR of 2.4, and up to 19,200 buildable sq. ft. without community space, this property offers significant commercial development potential—ideal for a warehouse, parking facility, church, or other ventures. Don’t miss this high-potential investment—call for details.