Multi-Family
1259 E 18th St
1259 E 18th St, Brooklyn, NY 11230
Listing Price: $3,850,000
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.
1259 E 18th St
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
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
