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Executive Summary
Exceptional development opportunity in the heart of Flatbush. This 5,962-square-foot lot is improved with a single-story commercial building currently leased to a church through February 2027, providing income while plans for future development are evaluated. Situated on a wide street within an R6 zoning district, the property offers significant redevelopment potential. The zoning permits up to a 3.0 residential FAR (17,886 SF, or 26 apartments), with the potential for up to a 4.8 FAR (28,618 SF) for community facility use. The site is well positioned within a vibrant residential neighborhood with convenient access to transportation, shopping, and local amenities. Developers, investors, and institutional users will appreciate the flexibility afforded by the site's zoning and location.
Property Facts
1 Lot Available
Lot
| Price | $3,149,000 | Lot Size | 0.14 AC |
| Price Per AC | $23,007,401.24 |
| Price | $3,149,000 |
| Price Per AC | $23,007,401.24 |
| Lot Size | 0.14 AC |
59.17' X 102.5'
1 1
Exceptionally walkable
100/100
Challenging for drivers
10/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05193-0055 | Improvements Assessment | $115,200 |
| Land Assessment | $254,700 | Total Assessment | $369,900 |
Property Taxes
Parcel Number
05193-0055
Land Assessment
$254,700
Improvements Assessment
$115,200
Total Assessment
$369,900
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