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Former Brooklyn Borough President Marty Markowitz will be honored at the Flatbush Development Corporation’s 40th anniversary gala at the recently restored Kings Theatre Wednesday night. Markowitz is a founding member of the organization and was instrumental in the restoration of the theater, which the Flatbush Development Corporation helped save from the wrecking ball in the 1970s.

The event is a fundraiser for the community organization, and tickets are still available.

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A wood frame house at 157 Erasmus Street in Flatbush was recently listed for sale as a development site asking $2,500,000. The home, which could date from the mid-19th century, sits on an oversized lot measuring 50 by 142.08 feet — catnip to developers.

The R6 zoning and 2.20 FAR would allow a developer to replace the house with a 15,629-square-foot rental or condo building.

This lot will likely join others in what is a bit of a building boom on this tiny street (Erasmus runs only between Bedford and Nostrand).

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Flatbush is the new hotspot for development in Brooklyn, according to an interactive map put together by Prospect Lefferts resident Jacob Garchik. It catalogues an astonishing 50 new-building projects happening southeast of Prospect Park.

Most of the mapped developments are in Prospect Lefferts Gardens, although they fall into other areas of Flatbush as well. The sites cluster most densely around Clarkson and Church avenues, the heart of historic Flatbush. Dotted with standalone, turn-of-the-20th-century wood frame Victorian and Edwardian houses, the area is also home to many apartment buildings already.

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Yet another East Flatbush townhouse will meet the wrecking ball for an apartment building, and this time it’s an eight-story development at 733 Rogers Avenue, between Lenox Road and Linden Boulevard. The project will have 16 apartments spread across 15,045 square feet of space, as well as a roof deck, according to plans filed last week.

The architect of record is Willy Zambrano, and Palladium Equities will develop the building. The 138-foot-deep lot is currently home to a two-story house, which sold for $1,200,000 in December. Demolition applications have been filed for the recently renovated home, but the DOB hasn’t approved them yet. GMAP

Photo by Vladimir Khaimov for PropertyShark

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Here’s a spacious and affordable three-bedroom co-op for rent near the park in Flatbush. There are three nicely sized bedrooms, a large separate living room, and a windowless office off the foyer. Beamed ceilings and herringbone floors also give it a nice prewar feel. However, the co-op board does have to approve any potential renters. What are your thoughts on it for $2,600 a month?

416 Ocean Avenue, #35 [Corcoran] GMAP

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This may be the first flip we’ve seen in East Flatbush, and likely the start of many more to come. For a flip, it’s decent looking, we think. The exterior has a lot of charm, and there is central air and a restored two-car garage.

We could see this appealing to a lot of buyers priced out of areas closer to Manhattan who need more space and something in move-in condition. But, the single-family house is not large — 1,330 square feet, according to PropertyShark. And the ask is $799,000, a bump up for the area, no doubt.

Do you think it’s reasonable, given this house is renovated and most are not?

1163 New York Avenue [Halstead] GMAP

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Here’s a huge, beautiful two-bedroom for rent in a free-standing Victorian in Flatbush. The paint job is eye-popping, but it can’t hide the original moldings, parquet floors and bright bay windows. The kitchen has plenty of cabinets and seems large enough for a dining table, and the living room looks spacious too. Rent might be a little high for the location, which is several blocks away from the 2/5 and B/Q trains. Do you think $2,500 a month seems reasonable for this much space?

564 East 23rd Street, #2 [Dwell Residential] GMAP

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Here’s a freshly renovated three-bedroom near Brooklyn College in Flatbush. The living room looks fairly large and has 14-foot ceilings and a skylight. The kitchen has stainless steel appliances, including a dishwasher, and granite countertops. It’s not the cheapest apartment in the neighborhood, but the location is pretty convenient. It’s across the street from the 2/5 trains, close to lots of shops on Flatbush Avenue and two blocks from Brooklyn College. Do you think $2,700 a month seems decent?

1542 Flatbush Avenue, #2 [Corcoran] GMAP

Brooklyn, one building at a time.

Name: Row houses
Address: 225-247 E. 31st Street
Cross Streets: Cortelyou and Beverly Roads
Neighborhood: Flatbush
Year Built: around 1905
Architectural Style: Renaissance Revival
Architect: Unknown
Landmarked: No

The story: The town of Flatbush, in Kings County, did not become a part of the City of Brooklyn until 1894. They liked their independence, and had remained a separate entity since the Dutch began farming there in the 1600s. The architectural development of the neighborhood was sporadic, and is a combination of all kinds of urban and suburban styles, ranging from mega-mansions on large lawns to huge block long apartment buildings, and everything in between.

I’ve always found Flatbush fascinating from an architectural perspective. In taking the bus through the various parts of the neighborhood, and later, driving, you can pass late 19th century row houses, early 20th century two family houses, wood-framed suburban houses and six story apartment buildings all in a three block radius.

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This big (1,279 square feet) two-bedroom condo at 1138 Ocean Avenue in Ditmas Park just came on the market with a price tag of $899,000. It’s got a nice modern feel to it and appears to be in great shape. Both bedrooms have a decent amount of room and there’s a private balcony off the living room. How does the price strike you for the area?

1138 Ocean Avenue, #5E [Corcoran] GMAP