Flatbush Development Site With Approved Plans Trades for $2.25 Million

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A little gray wood frame house sandwiched between tall apartment buildings at 1191 Ocean Avenue in Flatbush has sold as a development site for $2,250,000. The 42.5-by-100-foot lot was on the market for less than four months and went $300,000 above ask, according to real estate firm TerraCRG, which brokered the sale.

Plans to replace the turn-of-the-last-century two-story house with a seven-story, 26-unit building have already been approved. A schematic can be seen on TerraCRG’s website. The property is located between Farragut Road and Glenwood Road close to Brooklyn College. It was delivered vacant. A demo permit was approved in May.

Photo by Google Maps

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