Erik Sattler
Erik Sattler
Call: (631) 903-9813
Text: (631) 903-9813
MLS#996620
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLContact Agent
Property Description
Vacant mixed-use investment and potential development opportunity on the Broadway corridor in Brooklyn, surrounded by active neighborhood retail, residential uses, and convenient transit access. Property is being sold strictly as-is, including condition and any existing DOB/ECB violations. Public information indicates C4-4L zoning on an approximately 2,614 SF lot. Preliminary FAR-based estimate suggests approx. 10,456 buildable SF at 4.0 FAR, with possible upside to approx. 12,024 SF if an affordable housing / Inclusionary Housing bonus floor area were available and approved. All figures are preliminary estimates for marketing purposes only and have not been confirmed by an architect, zoning consultant, or expeditor. Buyer must independently verify all zoning, FAR, buildable SF, use, occupancy, violations, and development potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Bilco Door(s)
Cooling: None
Heating: Radiant, Other
Lot Size: 0.02 Acres
Taxes: $4,869
Year Built: 1931
Amenities
Other
None
Feature Descriptions
Building Area Total: 2973
Days on Site: 5
Exterior: Frame
On Market Date: 2026-05-18
Parcel Number: 01593-0036
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 3
Utilities: None
Water: Public
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
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Estimated Payment
$ 2,671.26 per month $2,003.01 Principal & Interest $405.75 Property Tax $262.50 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty NYC Grp
Agency Contact: 718-697-6800
Shown By
Agent Name: Erik Sattler
Agent Phone: (631) 903-9813
Agency Title: Laffey Real Estate
1040 Broadway | MLS# 996620
This multi-family property located at 1040 Broadway, Brooklyn, NY 11221 is currently listed for sale with an asking price of $899,999. Broadway is located within the Contact Agent school district. Search Brooklyn real estate on eriksattler.laffey.com today.