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Multi-Family

1259 E 18th St

1259 E 18th St, Brooklyn, NY 11230

Listing Price: $3,850,000

Lot Size
0.64 acres
Price/Acre
$5,987,789
Land Type
Redevelopment

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 1259 E 18th Street, a development site that offers approximately 28,008 square feet of total air rights. The subject property is located on E 18th Street between Avenue L & Avenue M in the Midwood neighborhood of Brooklyn, and currently holds a 2 story residence that will be delivered vacant. The subject property lot is 50.5 feet wide by 166.5 feet deep and is irregularly shaped. The property is zoned R7A with a maximum new building height of 80 feet.

Investment Highlights

  • Unique 50.5-Foot-Wide Development Opportunity
  • Excellent Midwood Location Steps Away from Paul Kolbert Park
  • Existing Single Family House Delivered Vacant
  • 28,008 Square Feet of Total Available Residential Air Rights
  • 7,002 Total Existing Lot SF – Zoned R7A
  • New Construction Condo Units Selling for $700-$800/SF
  • Conveniently Located Two Blocks Away from the [Q] Train

Exclusively Listed By

Listing Price: $3,850,000

Lot Size
0.64 acres
Price/Acre
$5,987,789
Land Type
Redevelopment

Investment Highlights

  • Unique 50.5-Foot-Wide Development Opportunity
  • Excellent Midwood Location Steps Away from Paul Kolbert Park
  • Existing Single Family House Delivered Vacant
  • 28,008 Square Feet of Total Available Residential Air Rights
  • 7,002 Total Existing Lot SF – Zoned R7A
  • New Construction Condo Units Selling for $700-$800/SF
  • Conveniently Located Two Blocks Away from the [Q] Train

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 1259 E 18th Street, a development site that offers approximately 28,008 square feet of total air rights. The subject property is located on E 18th Street between Avenue L & Avenue M in the Midwood neighborhood of Brooklyn, and currently holds a 2 story residence that will be delivered vacant. The subject property lot is 50.5 feet wide by 166.5 feet deep and is irregularly shaped. The property is zoned R7A with a maximum new building height of 80 feet.

Exclusively Listed By

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