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846 Flatbush Ave Brooklyn, NY 11226

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For Sale
$5,000,000

Prime Flatbush development site with high growth potential.

Property size:
6,379 SF
Lot size:
0.15 Acres

Property Features for 846 Flatbush Ave

General Information

Size
6,379 SF
Lot size
0.15 Acres

Source: Matthews Real Estate Investments Services | New York Agent Cory Rosenthal

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Flatbush Avenue Development Opportunity

This is a 6,379 square foot development site located at 846 Flatbush Avenue in Flatbush, Brooklyn. The lot measures 58 feet by 108 feet. With R7A, C2-4 zoning, the site allows for 25,520 buildable square feet as of right, making it suitable for multifamily and mixed-use buildings. The property is positioned for luxury rentals or high-end condo buildings, benefiting from its location near Prospect Park and convenient public transportation. The Church Avenue B & Q train is within walking distance, offering a 20-minute commute to Downtown Brooklyn and Manhattan. The area has experienced a 20% – 25% increase in residential and commercial rents over the last 24 months. The presence of Target has positively influenced the retail environment on Flatbush Avenue. Recent high-end rental buildings, such as the PLG Building at 123 Linden Blvd, have been completed in the area, achieving above-market rents. This location presents an opportunity for developers seeking a strategic investment in Brooklyn’s real estate market.
Location Intelligence

Current Use by Public Records

Bella Jewelry Store Jewelry Store M Cherif Tailoring ... Tailor Bh boutique Women'S Clothing Store ZALTA BOUTIQUE Women'S Clothing Store

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.959403
Latitude
40.651832

FAQs

What type of property is this?
Commercial land - Prime Flatbush development site with high growth potential.
Where is this commercial land located?
The property is located at 846 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: - Prime Flatbush location with **25,520 buildable square feet**; - Favorable R7A, C2-4 zoning allows for multifamily or mixed-use development; - Ideal lot dimensions (58’ x 108’) for efficient building design
More about this property
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