Closed 08/26/2021

Corner property at 1070 Flatbush Ave

1070 Flatbush Avenue

Flatbush

Closed 08/26/2021 at
$7,400,000

Lot Size 15,330 SF
Max Residential ZFA 52,889
Commercial ZFA 61,320
ZFA w/ IH 70,518
Cross Street Cortelyou/Beverly Road
Subways
b
q
2
5
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Development 1070 Flatbush Avenue, Flatbush
Mike Hernandez
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Overview

TerraCRG has been retained to exclusively market 1070 Flatbush Avenue, a development project several blocks from Prospect Park. Ownership is seeking ground-lease proposals for a mixed-use/multifamily project.

The current stand-alone corner retail building is 15,330 Gross SF and was, until most recently, anchored by CVS. The mixed-use zoning calls for a 70,518 ZFA with market-rate retail as well as Inclusionary Housing.

Attractions

The property is only a few blocks from the 2 and 5 trains at the Beverly Ave Station, as well as the Q train at Beverly Road, providing an easy commute to Downtown Brooklyn and Lower Manhattan. It also just blocks from the Kings Theatre and Prospect Park.

Kings Theatre
Prospect Park
Brooklyn Botanic Gardens

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