170 Milford St, Brooklyn, NY 11208

Calling all investors and developers! 170 Milford Street is a blank canvas awaiting its next chapter. Situated on a generous 2,000 sq. ft. lot (20 x 100), this property is currently configured as a single-family home but holds a legal two-family status in city records offering a seamless path to a high-yield conversion.nnPrime Footprint: 2,000 sq. ft. lot with significant backyard space.nBlank Slate: Needs a full gut renovation; perfect for those looking to customize every detail or maximize rental income.nInvestors Dream: Currently one meter, but easily modernized for a dual-unit configuration.nLocation: Settled in a rapidly developing pocket of Brooklyn with easy access to transit and local amenities.nWith the recently passed City of Yes for Housing Opportunity initiative, the upside for this property has never been greater. Whether you are looking to create a luxury owner-duplex with a rental unit or maximize the buildable square footage for a long-term hold, 170 Milford is the ultimate "value-add" play.nBring your contractor and your vision-this property is priced to sell and wont last.nnInvestment & Development PotentialnThe "City of Yes" AdvantagenThe City of Yes for Housing Opportunity (enacted/implemented in 2024-2025) provides several specific "levers" that an investor can pull for a property like 170 Milford St (Zoned R5B):nAccessory Dwelling Units (ADUs): You are now legally permitted to add one ADU (up to 800 sq. ft.) to a one- or two-family home. This could be a