1040 E 53rd Street Two adjacent residential tax lots (Lot 70 & Lot 71) totaling approximately 4, 000 square feet (40' x 100') located in the East Flatbush section of Brooklyn. The property offers 40 feet of combined frontage on a quiet residential block and is zoned R4, allowing for low-density residential development. The site presents a strong opportunity for developers and builders to capitalize on a two-lot configuration, with the potential to construct two separate 3 family homes (subject to zoning and approvals). Can build 5, 400 SF + basement, The existing lot configuration provides flexibility for phased development, independent financing, and multiple exit strategies. Surrounded by established residential housing and ongoing new construction activity, the property is well-positioned to meet continued demand for new 1-2 family homes in the area. Two Separate Tax Lots: Lot 70 & Lot 71 (individually assessed) Total Lot Size: Approx. 4, 000 SF (40' x 100') Zoning: R4 (low-density residential) Buildable Area: Approx. 5, 400 SF total (1.35 FAR) + Basment Development Potential: Suitable for two 3 family homes Building Class B1 - Configuration Advantage: Ability to treat as two independent development parcels or one Vacant Delivery: Property delivered vacant at closing No Existing Income: Clean slate for immediate development planning Utilities: Available in street (buyer to verify) Survey / Due Diligence: Buyer responsible for verifying lot dimensions, zoning, and development potential Investment highlights Two Separate Tax Lots Can build 5, 400 SF + basement Ideal Development Footprint (40' x 100' Combined) R4 Zoning (Stable Low-Density Residential Upside) Clean Slate Development Opportunity