27 E 18th St
Brooklyn, NY 11226
Residential Development/Prospect Park South · Land For Sale
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0.07 AC
Investment Highlights
- R7A Zoning, 4.0 FAR, and 12,000 BSF
- Located just one block from the Subway
- Prime location in busy retail corridors with National tenants in the area
Property Facts
Description
The 124 ft x 48 ft site is located between Caton and Church Ave retail corridors with access to the B and Q trains on the corner as well as the 2 and 5 trains a few blocks east. Served by bustling avenues, commercial property in greater Flatbush is being coveted for the current population density and future growth opportunities. National tenants in the area such as Planet Fitness, Chase and IHOP along with thriving local businesses and major attractions, such as Prospect Park and Kings Theater, provide diverse commercial amenities. Central Brooklyn and the area south of Prospect Park is one of the last areas in the borough with significant and immediate upside in rents and condominium prices, currently averaging about $1000/sf sellouts and $60/sf rents. This has made Central Brooklyn one of the most attractive areas for new ground up boutique and luxury development.
Property Taxes
| Parcel Number | 05079-0045 | Improvements Assessment | $116,820 |
| Land Assessment | $21,660 | Total Assessment | $138,480 |
Property Taxes
