259 RUTLAND Road #NA

259 Rutland Road offers a unique and rare opportunity for a developer to build a 9720 SF boutique condo or rental building on a massive and rare 40' x 100' lot situated on a convenient and stunning leafy-green block in prime Prospect Lefferts Gardens. Distinguished by an array of historic limestone and Victorian homes, this block benefits from the historically significant architecture of the environs, but falls right outside of the Historic District, giving a builder the opportunity to create their very own modern masterpiece. While there is currently a 3000SF Victorian home on the lot, plus a driveway, garage and large backyard, it is in estate condition, and the new owner can best take advantage of this lot by demolishing the home and garage and taking full advantage of the 9720 SF buildable (approx. 8262 SF sellable) allowed by current zoning. At this time, there are no other 40' wide lots available for sale in the neighborhood, making this is a truly unique opportunity. There are many successful sellouts of new condos in the area, with sellout prices in the $1100 PSF range, including new buildings on this very block. An intrepid buyer could also restore this home to its former glory and have a beautiful compound with light on four sides, a two car garage and driveway, and a spacious garden. House will be delivered as-is and would have to be a cash purchase. Prospect Lefferts Gardens is a beloved neighborhood known for its stunning architecture, low-density, and award-winning trees and street plantings. With easy access to Prospect Park, the Brooklyn Botanic Garden, the Brooklyn Museum, with countless cafes and restaurants sprinkled throughout. Easy access to public transportation in every direction includes the express 2/5 trains at Sterling or Winthrop or the Q at Prospect Park or Parkside Avenue. One of the most dynamic and picturesque neighborhoods in all of Brooklyn, it attracts buyers from both all of the brownstone neighborhoods throughout the borough. In addition to its cultural dynamism and amenity rich commercial strips on Flatbush, Rogers, Nostrand and Rogers, it is also home to the nearby SUNY Downstate Medical center. There is a high-demand for entry-level condos in this neighborhood, and a new building on this site would be a guaranteed quick sell-out.