Flatbush Development Site With Approved Plans Trades for $2.25 Million
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…
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
This site desperately needs a grocery store. I looked at a house near here and it was block after block of nothing but apartments and houses. About 10 minutes to a bodega or deli.
No photo shows two small houses. Is only one being torn down or both?