DOB Approved Residential Development Site
137 Carlton Avenue
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TerraCRG has been retained to exclusively represent ownership in the sale of 137 Carlton Avenue, a residential development site in Fort Greene, Brooklyn, located near the intersection of Carlton and Myrtle Avenues.
The split-zoned R7A/R6B/C2-4 lot is 2,925 square feet with 25 feet of frontage on Carlton Avenue. The vacant lot will be delivered with DOB approved plans for 9,485 gross buildable square feet, allowing for a five-story, six-unit condominium project.
The Fort Greene neighborhood is known for its many tree-lined brownstone streets and elegant low-rise housing. New developments in the area can expect to capitalize on the increasing demand for for-sale housing options. Brownstones and townhomes in the area are selling for an average $3-4M, residential rents are currently reaching over $60/sf, and nearby condominium sellout prices are achieving over $1,200.
Situated between two strong retail corridors, Dekalb and Myrtle Avenues, the property is within walking distance from some of the most acclaimed restaurants in brownstone Brooklyn, including: Metta, Roman’s, Dino’s and Walter’s, as well as, The Finch and Speedy Romeo.
The Myrtle Avenue retail corridor also is home to several national tenants such as Walgreens, Chipotle, Starbucks and Chase Bank.
Two blocks to the north, The Brooklyn Navy Yard is in the midst of a robust revitalization with several development projects, including Wegmans Food Market, Building 77, Dock 72 and the Steiner Studios expansion.
The property is located just one block away from the family-friendly Fort Greene Park and a short walking distance from the Brooklyn Academy of Music, Barclays Center, Pratt Institute, Long Island University and The Brooklyn Hospital Center.
The site is a short distance from the DeKalb Avenue subway station and Atlantic Terminal, servicing the 2, 3, 4, 5, B, D, N, R & Q subway lines and the LIRR.