Closed 08/22/2011

Development Site for Sale of Joint Venture Development

510 Flatbush Avenue

Lefferts Gardens

Closed 08/22/2011 at
$6,500,000

177,736 BSF

90,500 Proposed Residential SF

21,996 Proposed Commercial SF

11,233 Proposed Community Facility SF

C2-3/R7-1 Zoning

26,282 Lot SF

Cross Streets Ocean Avenue & Flatbush Avenue

Subways

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Development 510 Flatbush Avenue, Lefferts Gardens

Ofer Cohen

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Details

Block 5024

Lot 74, 53

Lot Sizes 86 ft x 210 ft - irreg., 75 ft x 151 ft - irreg.

Building Class V1

Overview

The development site at 31 Lincoln Road & 510 Flatbush Avenue is now offered for sale or as a joint venture development. The package consists of two tax lots on a total of 26,282 SF with access from both Flatbush Avenue and Lincoln Road. The lots are zoned C@-3/R7-1 and currently have approved plans for a total of over 177,000 SF. These plans allow for 86 residential units, as well as retail space, a community facility and a large parking garage consisting of over 100 parking spaces. The site is also 421-A approved. The site can be repositioned as a rental development and the plans amended accordingly.

Attractions

The property is located in the up and coming Prospect-Lefferts Gardens section of Brooklyn, just one block from Prospect Park and a short walking distance from Brooklyn Botanical Garden and the Prospect Park Zoo.

Neighborhood Guide
Lefferts Gardens