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114 Erasmus St
Brooklyn, NY 11226
Dev Site-QOZ w/ approved Plans · Land For Sale
·
0.08 AC
Investment Highlights
- Qualified Opportunity Zoning
- Maximun ROI
- High Rise with Commercial and Community Spaces
Executive Summary
Property Facts
| Sale Type | Investment | Proposed Use | |
| Sale Conditions | Total Lot Size | 0.08 AC | |
| No. Lots | 1 | No. Stories | 2 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | R6, C2-3 Zoning | ||
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.08 AC |
| No. Stories | 2 |
| Opportunity Zone |
Yes |
| Zoning | R6, C2-3 Zoning |
1 Lot Available
Lot
| Price | $2,999,000 | Lot Size | 0.15 AC |
| Price Per AC | $19,474,025.97 |
| Price | $2,999,000 |
| Price Per AC | $19,474,025.97 |
| Lot Size | 0.15 AC |
· Lot Size: 3,863 sq. ft. (28.92' x 133.59' irregular) · Zoning: R6 with C2-3 Overlay. New zoning allow for a high rise multistory. · FAR: 3.0 · Buildable Square Footage: Around 20,000 sq. ft. Including commercial and community spaces.
Description
Development Site for Sale – Flatbush, Brooklyn Offered for sale is a prime development site in Flatbush, featuring an existing two-story, two-family building. Located in one of Brooklyn’s most dynamic emerging sub-markets, this area has experienced significant growth since 2017. The site is strategically positioned near the neighborhood’s main commercial corridors, including Flatbush Avenue, Bedford Avenue, Rogers Avenue, and Nostrand Avenue, which have seen a surge in new residential development. The property is conveniently situated within walking distance of Prospect Park, the iconic Kings Theatre, and the vibrant dining destinations along Ditmas Park and Cortelyou Road. Excellent transit access is just three blocks from the Church Avenue station, serviced by the 2 and 5 express trains, offering a swift commute to Manhattan. This development site presents a compelling opportunity for discerning developers. Site Details: · Lot Size: 3,863 sq. ft. (28.92' x 133.59' irregular) · Zoning: R6 with C2-3 Overlay. New zoning allow for a high rise multistory. · FAR: 3.0 · Buildable Square Footage: Around 20,000 sq. ft. Including commercial and community spaces. Previously approved plans and architectural analysis available upon request. High ROI and profit margin.
Property Taxes
| Parcel Number | 05108-0016 | Improvements Assessment | $26,820 |
| Land Assessment | $24,660 | Total Assessment | $51,480 |
Property Taxes
