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885 New York Ave
Brooklyn, NY 11203

Approved 421A and Plans De · Land For Sale · 0.06 AC

Investment Highlights

  • Prime East Flatbush Location
  • Within Walking Distance to the "2" and "5" train along Nostrand Avenue and “B” and “Q” along Church Ave
  • Development Opportunity. 8100 SF as of right
  • 15 Minute Commute to Downtown Brooklyn & Manhattan

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Total Lot Size 0.06 AC

Description

Marcus & Millichap’s Matthew Peters & Said Boukhalfa are pleased to present the subject property, 885 New York Avenue, which is currently a 2.5-story frame Single Family home, which will be demolished and replaced with a 7-story multifamily building, located in between Linden Avenue and Church Avenue in the East Flatbush section of Brooklyn, New York (Block: 04870; Lot: 0052). The lot is 27 feet by 100 feet with an R6 Zone on a wide street, allowing for an FAR (Floor to Air Ratio) of 3.0. The property will be delivered with approved plans for 10 apartment units and 6 parking spaces below. The single-family home will be delivered vacant. The lot allows for 8,100 buildable square feet (As-Of-Right) or 9,044 square feet, with approved plans. The plans offer 4 studio apartments, 5, two-bedroom units and an additional penthouse unit which offers 2-bedrooms. The location of the property allows West facing windows with views traveling down 4 avenues, all the way to Flatbush Ave. The lot is located in East Flatbush, 1 block to the Church Ave & Nostrand Stop with the "2" & "5" Train. The property is zoned R6 with a 3.0 FAR given the wide street.

zoning

Zoning Code R6 (Located in the East Flatbush neighborhood of Brooklyn.)
R6 (Located in the East Flatbush neighborhood of Brooklyn.)
  • Listing ID: 21686471

  • Date on Market: 12/7/2020

  • Last Updated:

  • Address: 885 New York Ave, Brooklyn, NY 11203

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