Prospect Heights Lot Bought up for $5.75M


Public records show the the awkwardly sized, 31,000-square-foot parking lot on St. Marks Avenue, between Washington Avenue and Underhill, sold for $5.75 million. Here are details from the old listing: “It has been operated as a public parking lot and can continue as such since the immediate area has very limited parking. The site is also ripe for residential development, being close to Flatbush Avenue, public transportation, [and] Atlantic Yards…” If this goes residential, the lot comes with 62,000 buildable square feet. Click through for a bird’s eye view of the space in question. GMAP

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