Contacts
Andrew Manasia
TerraCRG
(718) 489-8333
Daniel Lebor
TerraCRG
(718) 768-6888
Dan Marks
TerraCRG
(718) 768-6888
Michael Hernandez
TerraCRG
(718) 768-6888
Property Details
- Property Type Land
- Property Size 3,272 SF
- Lot Size 3,019 SF
- Zoning R7A
- Year Built 1935
- Date Updated Mar 19, 2024
TerraCRG has been retained to exclusively represent ownership in the sale of 27 E 18th Street – a 12,000 BSF development site located in a great residential neighborhood just below Prospect Park.
The offering presents the opportunity for a residential condo development zoned R7A with 4.0 FAR. The existing 3,200 SF mixed-use building is currently vacant.
The 124 ft x 48 ft site is located between Caton and Church Ave retail corridors with access to the B and Q trains on the corner as well as the 2 and 5 trains a few blocks east. Served by bustling avenues, commercial property in greater Flatbush is being coveted for the current population density and future growth opportunities. National tenants in the area such as Planet Fitness, Chase and IHOP along with thriving local businesses and major attractions, such as Prospect Park and Kings Theater, provide diverse commercial amenities.
Central Brooklyn and the area south of Prospect Park is one of the last areas in the borough with significant and immediate upside in rents and condominium prices, currently averaging about $1000/sf sellouts and $60/sf rents. This has made Central Brooklyn one of the most attractive areas for new ground up boutique and luxury development.
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Highlights
- R7A Zoning
- 4.0 FAR
- 12,000 BSF
- Busy Retail Corridors
- National Tenants in the Area
- Block from the Subway
- Prospect Park
Getting around
-
96/100
Walk Score ®
-
100/100
Transit Score ®
-
89/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Prospect Park South
- Zip Code 11226
- Market Brooklyn
Points of Interest
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Church Avenue
0.01 miles
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Parkside Avenue
0.34 miles
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Beverley Road
0.46 miles
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Mex Cabs
0.59 miles
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Fort Hamilton Parkway
0.66 miles
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Cortelyou Road
0.67 miles
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Church Avenue
0.71 miles
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Prospect Park
0.76 miles
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Winthrop Street
0.81 miles
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Beverly Road
0.84 miles
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7-Eleven
0.52 miles
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Shell
0.60 miles
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BP
0.76 miles
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EVgo
0.86 miles
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Mobil
0.90 miles
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BP
0.90 miles
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BP
0.95 miles
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BP
0.99 miles
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BP
1.00 miles
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Speedway
1.12 miles
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Kings County Parking Garage
1.24 miles
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Car Park Systems
1.35 miles
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The Brooklyn Museum and Botanic Garden
1.38 miles
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Ultra Car Park Systems
1.39 miles
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Eastern Fruits and Vegetables
1.58 miles
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Rapid Park
1.59 miles
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Pathmark
1.70 miles
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Garfield Garage
1.71 miles
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US Postal Service
1.72 miles
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Underhill Garage
1.86 miles
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Brooklyn Vybe Hotel, Ascend Hotel Collection
0.40 miles
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Days Inn
1.38 miles
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Holiday Inn Express
1.76 miles
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The Brooklyn Riviera Hostel
1.78 miles
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Knights Inn
1.79 miles
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King Hotel
1.97 miles
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Brooklyn Way Hotel Prospect Park
1.98 miles
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La Quinta
2.01 miles
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Hotel le Bleu
2.01 miles
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Best Western
2.05 miles
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Key Food
0.27 miles
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Ideal Food Basket
0.28 miles
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Pioneer
0.34 miles
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Ideal Food Basket
0.45 miles
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Associated
0.49 miles
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Sears
0.55 miles
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Key Food
0.62 miles
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Flatbush Food Co-Op
0.65 miles
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Lincoln Market
0.71 miles
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Wholesome Gourmet Market
0.72 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
