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Development Site 3 Blocks from Prospect Park 27 E 18th St 1 Unit Apartment Building $1,500,000 ($1,500,000/Unit) Brooklyn, NY 11226
Investment Highlights
- R7A Residential Development Site
- Attractive ~$124 / buildable SF
- 3 blocks from Prospect Park
- 12,076 SF buildable (as-of-right)
- Fully vacant building
- Immediate access to B & Q trains
Executive Summary
Prospect Park South — Fully vacant residential development site located three blocks from Brooklyn’s iconic 585-acre Prospect Park.
R7A zoning allows 12,076 square feet of as-of-right residential buildable floor area, supporting the potential for a 7–8 story condominium or rental residential building. The neighborhood continues to see strong demand for renovated and newly built residential properties, with convenient access to the B and Q subway lines at Church Avenue providing direct connections to Downtown Brooklyn in 10 minutes and Manhattan in 25 minutes.
Alternatively, investors may consider renovating and repositioning the existing building as a large custom residence or boutique residential property.
Prospect Park South is known for its historic architecture and tree-lined streets. Church Avenue, located one block away, serves as a vibrant retail and restaurant corridor offering neighborhood cafés, markets, and everyday shopping.
*Architectural survey available upon request*
R7A zoning allows 12,076 square feet of as-of-right residential buildable floor area, supporting the potential for a 7–8 story condominium or rental residential building. The neighborhood continues to see strong demand for renovated and newly built residential properties, with convenient access to the B and Q subway lines at Church Avenue providing direct connections to Downtown Brooklyn in 10 minutes and Manhattan in 25 minutes.
Alternatively, investors may consider renovating and repositioning the existing building as a large custom residence or boutique residential property.
Prospect Park South is known for its historic architecture and tree-lined streets. Church Avenue, located one block away, serves as a vibrant retail and restaurant corridor offering neighborhood cafés, markets, and everyday shopping.
*Architectural survey available upon request*
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,500,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Sale Condition | Redevelopment Project | Building Size | 3,272 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Zoning | R7A - R7A zoning (4.0 FAR) allows 12,076 SF of as-of-right residential buildable floor area and supports a potential 7–8 story residential building. | ||
| Price | $1,500,000 |
| Price Per Unit | $1,500,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 3,272 SF |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | R7A - R7A zoning (4.0 FAR) allows 12,076 SF of as-of-right residential buildable floor area and supports a potential 7–8 story residential building. |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 05079-0045 | Improvements Assessment | $116,820 |
| Land Assessment | $21,660 | Total Assessment | $138,480 |
Property Taxes
Parcel Number
05079-0045
Land Assessment
$21,660
Improvements Assessment
$116,820
Total Assessment
$138,480
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Development Site 3 Blocks from Prospect Park | 27 E 18th St
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