Residential Development Site in East Flatbush

413 E 28th St

East Flatbush

Building Dimensions 20 ft x 45 ft
Existing Building SF 1,810
Lot Dimensions 30 ft x 100 ft
Cross Streets Avenue D & Newkirk Avenue
Subways
b
q
2
5
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Residential Development 413 E 28th St, East Flatbush
Peter Matheos
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Details

Opportunity Zone Yes
Zoning R6
Lot SF 3,000

Overview

TerraCRG has been retained exclusively to represent ownership in the sale of 413 E 28th Street in East Flatbush. Located within a designated Opportunity Zone, the property consists of a 3,000 SF lot which includes an existing 1,810 SF two-family home that will be delivered vacant. The property is 30 x 100 ft, zoned R6, allowing approximately 6,600 BSF as-of-right.

East Flatbush’s old housing stock and wider lot sizes makes it particularly attractive for new residential developments at current price levels. Developers are conjoining and subdividing smaller lots to make way for four- to six-story rental townhouses with a variety of mixed-use and community facility components.

Attractions

Conveniently located in the heart of Brooklyn within walking distance of many neighborhood attractions such as Brooklyn College and Kings Theatre, this property is also blocks away from the Flatbush Avenue retail corridor providing access to local amenities, restaurants, and transportation. Around the corner from the Newkirk Ave subway stop for the 2 and 5 trains, this property is highly accessible to rail and bus lines. A plethora of mom-and-pop shops define the surrounding area and bring together this Brooklyn community.

Brooklyn College
Kings Theatre

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