770 Flatbush Avenue prospect lefferts gardens 22015

A little storefront with lots of development potential just went up for sale at 770 Flatbush Avenue in Flatbush. TerraCRG is handling the sale. The single-story building is only 2,750 square feet, but a developer could build up to 13,640 square feet on the site.

The plot between between Woodruff and Caton avenues is only a few blocks from the 23-story rental tower at 626 Flatbush Avenue, in nearby Prospect Lefferts Gardens.

In September, the site changed hands for $699,000, public records show. Now the new owners want to flip it for $2,450,000. Also, any future development could qualify for 421a tax abatement (assuming it still exists in six months). GMAP

Photo via TerraCRG


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