Multi-Family
2202 Albemarle Road
2202 Albemarle Rd, Brooklyn, NY 11226
Listing Price: Request For Offer
Investment Overview
2202 Albemarle Road, a 19,522-square-foot vacant development site on a single tax lot in central Flatbush, Brooklyn. The site has 136.58 feet of frontage on the south side of Albemarle Road, 300 feet from Flatbush Avenue, and no building of record. Zoned C4-2 (R6 residential equivalent), it allows residential, commercial, and community facility development as-of-right, with no rezoning or ULURP required. A purchaser can build up to 42,948 SF of residential zoning floor area at 2.20 FAR.
Because the lot is outside any Mandatory Inclusionary Housing area, the Universal Affordability Preference raises that to 76,136 SF at 3.90 FAR and an 85-foot maximum height, with at least 33,187 SF set aside as permanently affordable. Commercial use is permitted up to 3.40 FAR (66,375 SF), and community facility use up to 4.80 FAR (93,706 SF).
The site is a three-minute walk from the Kings Theatre, with four subway lines (B, Q, 2 and 5) within half a mile. Demand nearby is strong: 89% of households within half a mile rent, and 1,856 new apartments have opened in that radius since 2022, including the 877-unit Bedford Square in the same C4-2 district, with 342 more under construction.
2202 Albemarle Road
Investment Highlights
- Vacant development site of about 19,500 SF in an active residential corridor. The site has 136.58 feet of frontage on the south side of Albemarle Road, 300 feet from Flatbush Avenue
- Zoned C4-2 (R6 residential equivalent), it allows residential, commercial, and community facility development as-of-right, with no rezoning or ULURP required.
- The lot is outside any Mandatory Inclusionary Housing area; the Universal Affordability Preference raises that to 76,136 SF at 3.90 FAR and an 85-foot maximum height.
Exclusively Listed By
Investment Highlights
- Vacant development site of about 19,500 SF in an active residential corridor. The site has 136.58 feet of frontage on the south side of Albemarle Road, 300 feet from Flatbush Avenue
- Zoned C4-2 (R6 residential equivalent), it allows residential, commercial, and community facility development as-of-right, with no rezoning or ULURP required.
- The lot is outside any Mandatory Inclusionary Housing area; the Universal Affordability Preference raises that to 76,136 SF at 3.90 FAR and an 85-foot maximum height.
Investment Overview
2202 Albemarle Road, a 19,522-square-foot vacant development site on a single tax lot in central Flatbush, Brooklyn. The site has 136.58 feet of frontage on the south side of Albemarle Road, 300 feet from Flatbush Avenue, and no building of record. Zoned C4-2 (R6 residential equivalent), it allows residential, commercial, and community facility development as-of-right, with no rezoning or ULURP required. A purchaser can build up to 42,948 SF of residential zoning floor area at 2.20 FAR. Because the lot is outside any Mandatory Inclusionary Housing area, the Universal Affordability Preference raises that to 76,136 SF at 3.90 FAR and an 85-foot maximum height, with at least 33,187 SF set aside as permanently affordable. Commercial use is permitted up to 3.40 FAR (66,375 SF), and community facility use up to 4.80 FAR (93,706 SF). The site is a three-minute walk from the Kings Theatre, with four subway lines (B, Q, 2 and 5) within half a mile. Demand nearby is strong: 89% of households within half a mile rent, and 1,856 new apartments have opened in that radius since 2022, including the 877-unit Bedford Square in the same C4-2 district, with 342 more under construction.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
