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Welcome to an exciting investment opportunity at 707 Shepherd Ave in East New York, Brooklyn. This prime piece of land, boasting a 20X100 lot, is now available for sale. With a R5 zoning and remarkably low annual taxes of only $515, this property provides a financially advantageous prospect. The owner has gone the extra mile, having all plans and permits meticulously approved by an architect, paving the way for the construction of a 2-family dwelling with a basement on the premises. This foresight not only streamlines the building process but also adds significant value to the investment. Strategically located, the property is in proximity to essential transportation options, including B15, B20, 2, 3, and 4 trains, ensuring easy connectivity to various parts of the city. Additionally, its closeness to the Gateway Shopping Center enhances the property's appeal, providing convenient access to shopping and amenities. This land is an ideal choice for investors seeking to capitalize on the potential for development. Don't miss out on the opportunity to turn this well-planned project into a lucrative reality in the vibrant neighborhood of East New York.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate.
Listing information last updated on May 5th, 2024 at 9:20am EDT.