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Multi-Family

114 Erasmus Street

114 Erasmus St, Brooklyn, NY 11226

Listing Price: $1,000,000

Lot Size
0.24 acres
Price/Acre
$4,231,591
Land Type
Land

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 114 Erasmus Street, a development site that currently features a two-story building with a three-bedroom apartment, two-bedroom apartment and a studio apartment. The property is located on Erasmus Street between Rogers Avenue and Nostrand Avenue in the Flatbush neighborhood of Brooklyn. The subject development site is located 83 feet from the wide street of Rogers Avenue. 17 feet of the width of the lot can receive a Residential FAR bonus equal to 3. The property is zoned R6, C2-3. The subject property is located within two blocks of the Church Avenue "2" and "5" Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Investment Highlights

  • R6, C2-3 Flatbush Development Opportunity
  • Several Development Sites Completed Nearby Including Directly Next Door
  • 10,294 Square Feet of Total Available Residential Air Rights

Exclusively Listed By

Listing Price: $1,000,000

Lot Size
0.24 acres
Price/Acre
$4,231,591
Land Type
Land

Investment Highlights

  • R6, C2-3 Flatbush Development Opportunity
  • Several Development Sites Completed Nearby Including Directly Next Door
  • 10,294 Square Feet of Total Available Residential Air Rights

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 114 Erasmus Street, a development site that currently features a two-story building with a three-bedroom apartment, two-bedroom apartment and a studio apartment. The property is located on Erasmus Street between Rogers Avenue and Nostrand Avenue in the Flatbush neighborhood of Brooklyn. The subject development site is located 83 feet from the wide street of Rogers Avenue. 17 feet of the width of the lot can receive a Residential FAR bonus equal to 3. The property is zoned R6, C2-3. The subject property is located within two blocks of the Church Avenue "2" and "5" Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Exclusively Listed By

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