897 New York Ave | East Flatbush 421A Development Site For Sale

897 New York Avenue Brooklyn, NY 11203

897 New York Avenue, Brooklyn, NY, 11203
897 New York Avenue, Brooklyn, NY, 11203 897 New York Avenue, Brooklyn, NY, 11203 897 New York Avenue, Brooklyn, NY, 11203
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,400,000
Last Verified:
Nov 05, 2024

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Highlights

  • Tri State Commercial Realty is pleased to present exclusively for sale, 897 New York Avenue.
  • Located between Church Avenue and Linden Blvd, this corridor has been one of the hottest blocks for the neighborhood's new developments.
  • This site offers 421A and approved plans in place for 10 residential units across 4.5 stories.

Description

Tri State Commercial Realty is pleased to present exclusively for sale, 897 New York Avenue.
Located between Church Avenue and Linden Blvd, this corridor has been one of the hottest blocks for the neighborhood's new developments.

This site offers 421A and approved plans in place for 10 residential units across 4.5 stories.

Flatbush is a vibrant neighborhood renowned for its history, culture, and Victorian-style houses. With its diverse dining scene and cultural landmarks like the Brooklyn Museum and Kings Theatre, it offers a dynamic mix of arts and entertainment. The community's unity shines through various local events and organizations, fostering a strong sense of togetherness. Its convenient location and excellent public transportation connections make Flatbush an attractive and accessible hub for living, working, and experiencing a rich urban lifestyle.

Building Size: 8100sq ft
Lot Size: 0.06 acres


Documents

SALE brochure - 897 New York Ave.pdf

Map of 897 New York Avenue, 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.