Closed 8/22/2011

Development Site for Sale of Joint Venture Development

510 Flatbush Avenue

Lefferts Gardens

Closed 8/22/2011 at
$6,500,000

177,736 BSF
90,500 Proposed Residential SF
21,996 Proposed Commercial SF
11,233 Proposed Community Facility SF
C2-3/R7-1 Zoning
26,282 Lot SF
Cross Streets Ocean Avenue & Flatbush Avenue
Subways
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Development 510 Flatbush Avenue, Lefferts Gardens
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Peter Schubert
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718-705-4461

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Details

Block 5024
Lot 74, 53
Lot Sizes 86 ft x 210 ft - irreg., 75 ft x 151 ft - irreg.
Building Class V1

Overview

The development site at 31 Lincoln Road & 510 Flatbush Avenue is now offered for sale or as a joint venture development. The package consists of two tax lots on a total of 26,282 SF with access from both Flatbush Avenue and Lincoln Road. The lots are zoned C@-3/R7-1 and currently have approved plans for a total of over 177,000 SF. These plans allow for 86 residential units, as well as retail space, a community facility and a large parking garage consisting of over 100 parking spaces. The site is also 421-A approved. The site can be repositioned as a rental development and the plans amended accordingly.

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