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There are two vacant/un-built residential lots for sale near the corner of Hoyt and DeGraw Streets in Boerum Hill. 411 DeGraw Street is a 20’ x 80’ lot with an allowable building envelope of 3,200 sq ft, asking price is $835,00. 259 Hoyt Street is a 20’ x 60’ lot with an allowable building envelope of 2,400 sq ft, asking price is $565,000. The current asking prices on a buildable square foot basis are $261 and $235, respectively. These prices are a 30% discount to their original asking prices and need to go lower to make a ground up project feasible. The price of land varies from neighborhood to neighborhood and I believe the appropriate price for land is this location is $175 per buildable square foot. This would be a good starting point to undertake a single family project. Let me know if you are interested in a ground up project in this or any other location and we can provide you with all the insight necessary to carry-out such a venture
