538 Hendrix St, Brooklyn, NY 11207

DEVELOPER ALERT: R5 Zoning Blockbuster Grandfathered 2.42 FAR Multifamily in East New York!nnDescription: Attention strategic developers, cash buyers, and value-add investors! 538 Hendrix Street presents an extraordinary Brooklyn anomaly: a massive, built-out multifamily footprint situated within a highly desirable R5 Zoning District.nnLegally classified as a 2-Family home but currently operating as a high-income 3-Family setup, this brick asset is a goldmine for cash buyers ready to maximize an existing footprint that is literally impossible to legally build from scratch today.nThe Footprint & Layout:n Unit 1: Highly rentable 3-Bedroom layoutn Unit 2: Generous 2-Bedroom layoutn Unit 3: Additional 2-Bedroom layoutn Bathrooms: 3 Full Baths (one per unit)n Bonus Potential: Full, unfinished basement with independent access-ideal for building mechanical storage, tenant lockboxes, or potential duplex expansion.nThe R5 Zoning & Development Advantage: In an R5 district, new residential builds are strictly capped. However, this property grants you an incredibly valuable, grandfathered envelope:n Zoning District: R5n Standard Max Residential FAR: 1.5 (Max Buildable Area: 1,482 sq. ft.)n Current Built FAR: 2.42 (Current Built Area: 2,391 sq. ft.)n The Math: This structure sits -909 sq. ft. OVER standard modern R5 residential limits.n The Opportunity: By executing an "As-Is" gut renovation or a variance-backed modernization of the existing structure, you preserve a massive layout advant