885 New York Ave | Approved 421A and Plans Development Site for Sale

885 New York Ave Brooklyn, NY 11203

885 New York Ave, Brooklyn, NY, 11203
885 New York Ave, Brooklyn, NY, 11203 885 New York Ave, Brooklyn, NY, 11203
Property Type:
Residential Land Development
Last Verified:
Sep 14, 2023


Fully approved development site
421A development site
Approved plans for 12 residential apartments across 7 stories

Located in the East Flatbush neighborhood of Brooklyn between Linden Blvd & Church Ave near the Church Ave subway station in close proximity to Prospect Park.

Nearest Transit: 2 & 5 trains at Church Ave and the B44 bus line.

Nearby tenants include Dunkin', Walgreens, T-Mobile, Chase Bank, Kennedy Fried Chicken, CVS, Target, Blink Fitness, Natural Blend, Bank of America, Chai Urgent Care, McDonald's, and more!

Building Size: 9100sq ft
Lot Size: 0.06 acres


Brochure - 885 New York Ave.pdf

Map of 885 New York Ave, Brooklyn, NY, 11203

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.