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Brooklyn Multifamily Development Opportunity
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29 Kermit Pl, Brooklyn, NY 11218

Three contiguous multifamily properties near Prospect Park in Windsor Terrace.

Property SizeContact for details
Days on Market154

Property Features for 29 Kermit Pl

General Information

Standard status Active
Property subtype Commercial
Listing Agency: Douglas Elliman Real Estate
Listed By: Marie-Alyce Devieux · License #10301223608
Source: Elliman
Added: Mar 24 Changed: Aug 9 Last Checked: Aug 23 at 7:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

Located in Windsor Terrace, Brooklyn, this offering comprises three contiguous multifamily properties, including two 3-family buildings and one 2-family building constructed in 1920. The properties are situated mid-block on Kermit Place at East 7th Street, within a residential area between Prospect Park and Greenwood Cemetery. The combined assemblage provides over 16,000 buildable square feet, suitable for a residential project. Windsor Terrace is positioned near Prospect Park, at the intersection of Park Slope, Kensington, and Prospect Park South. This location offers access to trails, sports fields, picnic areas, dog parks, and local restaurants and cafes. The area provides a streetscape and services for residents.

Key Highlights

  • Large parcel with over 16,000 buildable square feet for a residential project.
  • Located in desirable park‑side Windsor Terrace near Prospect Park.
  • Three contiguous multifamily properties (two 3‑family + one 2‑family) offered as a single assemblage.

Property Analytics

Current Use

Smart Kids R ... Daycare Center

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Auto Parts Store Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,788
Businesses Nearby

Demographics for 11218, NY

78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three contiguous multifamily properties near Prospect Park in Windsor Terrace.
Where is this multifamily property located?
The property is located at 29 Kermit Pl Brooklyn, NY.
What are key features of this property?
This property features: Large parcel with **over 16,000 buildable square feet** for a residential project.; Located in desirable park‑side Windsor Terrace near Prospect Park.; Three contiguous multifamily properties (two 3‑family + one 2‑family) offered as a single assemblage.
More about this property
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