1011 Banner Ave, Brooklyn, NY 11235 - Kings County

We proudly present this truly exceptional investment and development opportunity in the heart of Brighton Beach—a well-maintained, fully detached three-story, two-family brick home with a private driveway and detached garage, all situated on a generous 30x101 lot with R6 zoning and over 7,000 buildable square feet, with new construction and development sites rapidly emerging throughout the area. The expansive 18x60 structure offers three spacious residential levels: the first floor features two large bedrooms easily convertible to three, with a full living and dining area, kitchen, and bath; the second floor mirrors this layout with a full three-bedroom unit; and the third floor includes a bright one-bedroom apartment with both front and rear terraces, perfect for additional rental income or extended family living. The semi-finished basement has a separate entrance and full bath, ideal for flexible use. This property also boasts high ceilings, abundant natural light, 3 gas and 4 electric meters, a new roof, and move-in ready condition. The fully fenced yard, multi-car driveway, and detached garage accommodating up to five vehicles add to the value. Located minutes from restaurants, supermarkets, schools, and the B4 bus and B/Q subway lines, this property offers both immediate income potential and long-term development upside in one of South Brooklyn’s most vibrant neighborhoods. Delivered vacant at closing.