Closed 1/6/2014

Twenty-Unit Multifamily

2201 Cortelyou Road

Flatbush

Closed 1/6/2014 at
$4,400,000

20 Residential Units

18,000 Gross SF

5 Stories

Corner of Cortelyou Rd & E 22nd St.

Subways

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Multifamily 2201 Cortelyou Road, Flatbush

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Peter Schubert

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718-705-4461

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Details

Block 5166

Lot 20

Lot Size 60.5 ft x 66.08 ft

Building Class C1

Zoning R6A

Lot SF 5997

FAR 3

Total Buildable SF 18,000

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of two multifamily buildings totaling 36 units and 35,000 SF in Ditmas Park and Prospect Park South, Brooklyn. 2201 Cortelyou Road is located on the corner of Cortelyou Road and East 22nd Street in Ditmas Park. The 18,000 SF corner building has 11 1-bedroom and nine 2-bedroom apartments. The building currently produces yearly rental income of approximately $260,000. The property is located one block off the Flatbush commercial corridor and within walking distance to Prospect Park.

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Flatbush