Ditmas Park Development Site
1020 Cortelyou Road
Flatbush
Closed at
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718-489-8333
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Overview
TerraCRG has been retained to exclusively represent thesale of the development site at 1020 Cortelyou Road in Ditmas Park, Brooklyn.
This development site sits on an approximately 4,164 SF lot and comes with approved plans to build a 12,490 SF, five-story mixed-use building. The plans call for eight residential units plus one commercial unit on the ground floor.
The neighborhood has recently seen new development interest with several new large developments filed, in construction or recently completed. New construction comparable condo sellouts are achieving over $1,100/SF, and comparable rentals have reached over $50/SF.
Attractions
The Cortelyou Road retail corridor features some of South Brooklyn’s most attractive bars and restaurants including The Farm on Adderley, Sycamore Bar + Flower Shop and Bar Chord. The corridor is also nearby Prospect Park, The Brooklyn Botanic Garden, Kings Theatre and the Brooklyn Public Library. 1020 Cortelyou is also just a few blocks away from the Cortelyou Road Q subway, Newkirk Plaza B and Q Trains, and the Church Avenue F and G trains.