2605 Farragut Road
Brooklyn, NY 11210
2605 Farragut Road · Land For Sale
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0.06 AC
Investment Highlights
- Prime Midwood / Flatbush Location
- Walking Distance to 4 Different Train Lines & Brooklyn College
- Development Site With Approximately 7,500-10,000 Buildable Square Feet (Consult w/ Architect)
Property Facts
Description
Marcus & Millichap’s Matthew Peters & Daniel Reyhan are pleased to present the exclusive listing located at 2605 Farragut Road, which is currently a single-story parking garage located on Farragut Road between Flatbush Avenue and East 26th Street in the Midwood section of Brooklyn, New York (Block: 05226; Lot: 0042). The current structure is built approximately 1,857 square feet and sits on a 34-foot by 70-foot irregular lot, approximately 3,175 square feet. The property is ideal for a developer to take advantage of the approximate 10,098 buildable square feet. The property is currently comprised of 3 parking garages offering 7 parking spaces, which could be used as Day 1 Cash Flow. The property is currently grossing $10,800 annually. The lot is currently zoned R7A, C2-4 with an R5B overlay. Approximately 2,190 square feet of the lot is zoned R7A with an FAR of 4.0, allowing for 8,772 bsf and 982 square feet of the lot is zoned R5B with an FAR of 1.35 allowing for 1,326 bsf. The total buildable square feet on the lot is approximately 10,098. The building is within walking distance to the “2" and “5" Trains at Nostrand Avenue. The property is within walking distance to Brooklyn College.
