A long-vacant lot at 704 Lefferts Avenue in Prospect Lefferts Gardens is now the site of new permit filings for a six-story mixed-use building rising 75 feet, with five residences averaging 1,636 square feet apiece — a notable jump in unit size from earlier plans for the same parcel. The filings list Yisroel Kanar, associated with IK Management LLC, as the owner behind the applications, and Sion Hourizadeh of Sion Consulting Engineering PC as architect of record.
According to New York YIMBY, the proposed development will yield 9,449 square feet total, including 8,180 square feet of residential space and 1,268 square feet of community facility space. The building is also planned to include a penthouse, a cellar, a steel-based structure, and three open parking spaces. Given the average unit scope, the outlet notes the five residences are most likely condominiums rather than rentals.
The site sits between Troy Avenue and Albany Avenue, and its footprint has been vacant for years — property filings reviewed by Asset CRG Advisors show the lot once held a two-family residential structure built around 1920 before the building was cleared and the parcel reclassified as vacant land by 2018. Because the lot is already vacant, demolition permits will likely not be needed before construction begins. No estimated completion date has been announced.
A Land Deal That Shrank the Unit Count
The parcel's recent sales history helps explain the shift toward fewer, larger units. Real estate transaction records relayed by Marketproof show the 2,750-square-foot vacant lot sold in April 2025 for $1.1 million — about $134 per buildable square foot — before changing hands again in July 2026 for $1.175 million. At the time of the April 2025 sale, the site came with pre-approved plans for a seven-unit, 8,181-square-foot residential building, a much denser layout than what's now on file.
The new August 2026 permit filing scales that back to five larger units while adding the community facility space, according to the same Marketproof listing history. The parcel is a 25-by-110-foot lot situated in an R6 residential zoning district, a medium-density designation under municipal property filings that permits multi-family residential construction under Quality Housing regulations — the kind of mid-rise bulk envisioned for wide central Brooklyn blocks.
Rising Prices Meet a Denser Corridor
The pivot toward condo-sized units tracks with the neighborhood's climbing home values. Housing market data compiled by Zillow shows typical home values in Prospect Lefferts Gardens reached roughly $1.35 million to $1.38 million by Zillow's mid-2026 estimate, a 4.8% year-over-year increase. Separately, MNS Real Estate's Brooklyn year-end market report found borough-wide rental rates climbing 5.44% to an average of $3,862 per month, with one-bedroom rents in Prospect Lefferts Gardens specifically rising 8.16% year-over-year.
The building sits within Brooklyn Community District 9, which covers Prospect Lefferts Gardens, South Crown Heights, and Wingate, and falls under the NYPD's 71st Precinct for public safety. The site is roughly 0.48 miles — about a 10-minute walk — from the Crown Heights–Utica Avenue subway station, which serves the 2, 3, 4, and 5 trains, and about 0.67 miles from the Sterling Street station on the 2 and 5 lines, according to Marketproof's location analysis.
Traffic Safety Talks Continue Nearby
The project also lands amid ongoing community conversations about the corridor itself. June 2026 minutes from Brooklyn Community Board 9's Transportation Committee document active discussions about traffic-calming measures along Lefferts Avenue, including recommendations for speed humps and crossing safety reviews — a reminder that infill development along this stretch is unfolding alongside broader questions about pedestrian safety in the district.
Architect Sion Hourizadeh has filed plans for several other urban infill projects across the city, including 2025 and 2026 residential building applications in Bedford-Stuyvesant, Bergen Beach, and the Bronx, according to permit records reviewed by Marketproof. No timeline for construction start or completion at 704 Lefferts Avenue has been made public.
