846 FLATBUSH AVENUE

846 Flatbush Avenue, Brooklyn, NY 11226
$5,000,000

Price Per SF
$195
Gross SQFT
6,379
Property Type
Retail

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.

Broker of Record

  • Cory Rosenthal
  • License No. 10991237833 (NY)
  • (866) 889 0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203