846 FLATBUSH AVENUE

INVESTMENT HIGHLIGHTS

• PRIME LOCATION: 846 Flatbush Avenue, a 25,520 buildable square foot development site in the heart of prime Flatbush.
• IDEAL DIMENSIONS: Lot measures 58’ x 108’ (6,390 SF), perfect for efficient multifamily and mixed-use buildings.
• ZONING BENEFITS: R7A, C2-4 zoning allows for a total of 25,520 Buildable SF as of right.
• RENTAL GROWTH: Significant 20% – 25% increase in residential and commercial rents in the neighborhood over the last 24 months.
• RETAIL IMPACT: Proximity to Target’s presence has positively transformed the retail landscape on Flatbush Ave.
• RECENT DEVELOPMENTS: Completion of high-end rental buildings, including the notable PLG Building at 123 Linden Blvd, achieving well above market rents.
• LUXURY POTENTIAL: Ideal site for luxury rentals or high-end condo buildings due to its location near Prospect Park and convenient public transportation.
• TRANSIT ACCESS: Short walk to Church Avenue B & Q train, providing a 20-minute commute to Downtown Brooklyn and Manhattan for tenants.
• DEVELOPMENT OPPORTUNITY: Access to a prime site with favorable zoning and growth potential in a thriving neighborhood.
• INVESTMENT APPEAL: Attractive opportunity for developers seeking a strategic investment in Brooklyn’s dynamic real estate market.