Exceptional development opportunity in the heart of Flatbush. This 5,962-square-foot lot is improved with a single-story commercial building currently leased to a church through February 2027, providing income while plans for future development are evaluated. Situated on a wide street within an R6 zoning district, the property offers significant redevelopment potential. The zoning permits up to a 3.0 residential FAR (17,886 SF, or 26 apartments), with the potential for up to a 4.8 FAR (28,618 SF) for community facility use. The site is well positioned within a vibrant residential neighborhood with convenient access to transportation, shopping, and local amenities. Developers, investors, and institutional users will appreciate the flexibility afforded by the site`s zoning and location.
Details:
Property Type:
Land
Lot Size:
58.17` X 102.5`
Built:
1933
Financials:
Price:
$3,499,000
Bergen Basin Realty LLC Michael B. Drazner Office: (718)787-4110
provided by Brooklyn NY MLS
![[Flatbush Real Estate, listing number 3342941]](https://www.vlshomes.com/images/full/3342941a.jpg)