8729 20th Avenue Welcome to a rare gem, presenting an exceptional opportunity for those seeking ample space and development potential. Boasting a generous lot size of 70' X 96.67' (Lot Area 6, 767) and building dimensions of 56’ x 78’ (Approx. 5, 824 sq ft), this property stands as a canvas for your visionary projects. Currently, the property is utilized as a meeting and banquet room on the first floor, offering versatile possibilities for event hosting or commercial endeavors, while the second floor features a cozy 2-bedroom, 1-bathroom apartment. Additionally, an unfinished cellar and attic provide further potential for expansion or customization to suit your needs. Situated in the vibrant neighborhood of Bustling Bath Beach, this location offers the best of Brooklyn living. Enjoy the convenience of nearby amenities along 86th Street, easy access to transportation with the 20th Avenue D train and buses, and the serene ambiance of the Gravesend Bay waterfront promenade. Zoned for low-density residential use, this property allows for exploration of various development options, with a maximum residential floor area ratio (FAR) of 1.25 and a maximum residential square footage of 8, 459. Whether you're a seasoned developer or a homeowner with a vision, this property provides endless possibilities for transformation and growth. Delivered vacant upon closing, seize the opportunity to unlock the full potential of this property. Please note that this sale may be subject to obtaining Attorney General and Supreme Court approval of sale, if required, pursuant to the Not-for-Profit Corporation Law. Don't miss out on this chance to own a piece of Brooklyn's evolving landscape. Schedule your viewing today and envision the possibilities awaiting!