Prime Flatbush Avenue Corner Building
Mixed Use Development Opportunity In Prospect Park South 3 Blocks From Kings Theater
Marketing description
1159 Flatbush Avenue is a two-story corner building located in the heart of Prospect Park South, one of Brooklyn’s most dynamic and evolving commercial corridors. Built full on a 24’ x 100’ corner lot, this prime development site features a full basement and excellent street exposure along bustling Flatbush Avenue.
The property includes existing air rights that allow for future redevelopment and vertical expansion, creating an exceptional opportunity to build a mixed-use or condominium project in a high-growth, transit-accessible area of Brooklyn.
Investment Summary
This property offers flexible acquisition or lease options, ideal for investors, developers, or owner-users seeking to capitalize on Brooklyn’s strong market fundamentals. Its corner visibility, existing infrastructure, and expansion potential make it a rare long-term asset with both income and redevelopment upside.
Investment highlights
- Lot Size: 24’ x 100’
- Stories: 2 + Full Basement
- Zoning / FAR: Allows for future expansion (Commercial / Residential / Condo)
- Corner Exposure: Exceptional visibility on Flatbush Avenue
- Recent Upgrades:
- Modern façade enhancements
- Upgraded utilities and electrical systems
- Well-maintained structure ready for immediate occupancy
- Use Potential: Retail, educational, community, medical, or redevelopment opportunity
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