Multi-Family
Windsor Terrace Development Site
1261A Prospect Ave, Brooklyn, NY 11218
Listing Price: $1,000,000
Investment Overview
Marcus & Millichap has been retained on an exclusive basis to arrange the sale of a vacant 25.25 x 100foot irregular C1-3 / R5B zoned lot between Reeve Place and Greenwood Avenue in the Windsor Terrace section of Brooklyn,NY (Block: 5277 Lot: 16). The site currently contains 11 parking spots which are currently being rented out on month-to-month leases. With the current zoning, the lot is subject to a total of approximately 4,015 buildable square feet. The site is an ideal candidatefor a single-family, condominium or high-end mixed-use development with an existing curb cut in place. Townhouse and condominium sales in similar buildings have breached $1,200 per square foot. The development site is located just steps away from the Fort Hamilton Parkway “F and G” subway station. The subject property offers owner-users and developers the opportunity to purchase a strategically located development site in the Windsor Terrace neighborhood of Brooklyn.
Windsor Terrace Development Site
Investment Highlights
- Windsor Terrace Development Site Zoned C1-3/R5B with approximately 4,015??Buildable Square Feet
- Local Condominium and Townhouse Prices Reaching $1,000 – $1,200 PSF and Residential Rents Reaching $50-$60 PSF
- Steps from the Fort Hamilton Parkway "F and G" Subway Station
- Existing Curb Cut in place with over 25 Feet of Frontage to Prospect Avenue
- Located 3 Blocks from Prospect Park
Exclusively Listed By
Listing Price: $1,000,000
Investment Highlights
- Windsor Terrace Development Site Zoned C1-3/R5B with approximately 4,015??Buildable Square Feet
- Local Condominium and Townhouse Prices Reaching $1,000 – $1,200 PSF and Residential Rents Reaching $50-$60 PSF
- Steps from the Fort Hamilton Parkway "F and G" Subway Station
- Existing Curb Cut in place with over 25 Feet of Frontage to Prospect Avenue
- Located 3 Blocks from Prospect Park
Investment Overview
Marcus & Millichap has been retained on an exclusive basis to arrange the sale of a vacant 25.25 x 100foot irregular C1-3 / R5B zoned lot between Reeve Place and Greenwood Avenue in the Windsor Terrace section of Brooklyn,NY (Block: 5277 Lot: 16). The site currently contains 11 parking spots which are currently being rented out on month-to-month leases. With the current zoning, the lot is subject to a total of approximately 4,015 buildable square feet. The site is an ideal candidatefor a single-family, condominium or high-end mixed-use development with an existing curb cut in place. Townhouse and condominium sales in similar buildings have breached $1,200 per square foot. The development site is located just steps away from the Fort Hamilton Parkway “F and G” subway station. The subject property offers owner-users and developers the opportunity to purchase a strategically located development site in the Windsor Terrace neighborhood of Brooklyn.
Exclusively Listed By
