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Development Site 3 Blocks from Prospect Park 27 E 18th St 3,272 SF 100% Leased Retail Building Brooklyn, NY 11226 $1,500,000 ($458.44/SF)
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
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,272 SF
Building Class
B
Year Built
1935
Price
$1,500,000
Price Per SF
$458.44
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.08
Lot Size
0.07 AC
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.
Parking
3 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
124’ on East 18th Street
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
Nearby Major Retailers
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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Presented by
Brick & Mortar
Development Site 3 Blocks from Prospect Park | 27 E 18th St
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