8,080 BSF Residential Development in East Flatbush

66 Martense Street

East Flatbush

$1,300,000

Buildable SF 8,080 BSF
Building SF 864 SF
Cross Streets Flatbush Avenue/ Bedford Avenue
Lot Dimensions 23,83 ft x 100.5 ft
Subways
b
q
2
5
Development 66 Martense Street, East Flatbush
Dan Marks
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Details

Block-Lot 5089-33
FAR 4.00
Building Class A1
Zoning R7A

Overview

66 Martense Street is located between Bedford and Flatbush Avenues and is zoned R7A, allowing for approximately 8,003 BSF. The lot has approximately 24 feet of frontage and is currently occupied by an 864SF building, delivered vacant.
Central Brooklyn and the area south of Prospect Park is one of the last areas in the borough with significant and immediate upside in rents and condominium prices. It is also one of the only areas in Brooklyn where land pricing still supports multifamily/rental housing development and large parcels of land are still undeveloped. This has made Central Brooklyn one of the most attractive areas for new ground-up development.

Attractions

The Greater Flatbush region is one of the most sought-after neighborhoods in Central Brooklyn. Served by two major subway lines, multiple bus lines and bustling avenues, commercial property in greater Flatbush is being coveted for the current population density and future growth opportunities. Due to the increased demand to live in the neighborhood, residential rents have grown in this area, reaching over $45/SF. Furthermore, condo pricing in the area is upwards of $875/SF.

The nearby Church and Flatbush Avenue retail corridors are lined with restaurants, cafés and national tenants such as Walgreens, IHOP, Bank of America, Chase, Citibank, Planet Fitness, Old Navy, Sears, and Dunkin’ Donuts. Major attractions include Prospect Park and the newly renovated Kings Theater. Kings Theater is one of New York’s premier performance arts venues having already hosted acts such as Diana Ross, Widespread Panic, Disney Live, and Crosby, Stills&Nash.

The property is only a few blocks from the 2 and 5 trains at the Church Avenue Station and about fiveblocks to the B and Q trains at the Church Avenue Station.

Propspect Park
Kings Theater
Planet Fitness
Old Navy
Sears
Dunkin Donuts
Ihop
Bank of America
Chase
Citibank

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