Small Property With Big Development Rights Hits the Market on Flatbush Avenue
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…
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
Don’t you think you are reaching a little bit here Rebecca? 626 Flatbush is a 200k+ sq feet. I feel like im reading some sort of gossip column here.
Agreed. 13,000 sf is a 5-story building.
Psssst Cate, it’s East Flatbush………
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The What (Neighborhood Gentrification Guide)
Someday this war is gonna end…