846 Flatbush Ave Brooklyn, NY 11226
- Land
Current Use by Public Records
- Bella Jewelry Store / Jewelry Store / Jeweler
- M Cherif Tailoring Services / Tailor
- Bh boutique / Women'S Clothing Store
- ZALTA BOUTIQUE / Women'S Clothing Store
Property Details for 846 Flatbush Ave
- Property type
- Land
Description
This exceptional 6,379 square foot lot at 846 Flatbush Avenue in Brooklyn, New York (zip code 11226), presents a compelling development opportunity. Zoned R7A/C2-4, it offers 25,520 buildable square feet, ideal for a multifamily or mixed-use project. The lot's dimensions are 58' x 108', allowing for efficient building design. Located in the heart of Flatbush, this property benefits from a prime location near Prospect Park and excellent public transportation, including easy access to the B and Q trains at Church Avenue, providing a quick commute to Downtown Brooklyn and Manhattan. Recent development activity in the area, including the completion of high-end rental buildings achieving above-market rents, underscores the strong rental growth potential (20-25% increase in the last two years). The presence of a nearby Target has also positively impacted the retail landscape on Flatbush Avenue. This site is perfectly positioned to capitalize on the increasing demand for luxury rentals or condominiums in this thriving neighborhood. The asking price is $5,000,000, translating to $195 per square foot. This represents a strategic investment in Brooklyn's dynamic real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9594
- Latitude
- 40.6518
