203-927-7480
, Brooklyn, NY for Sale
Land - FOR SALE
1/5

21 East 29th St & 1580 Nostrand Ave
Brooklyn, NY
East Flatbush


HIGHLIGHTS

  • 94-unit, nearly vacant, elevator building
  • Immediate lease-up opportunity
  • 421-a Option C (30% at 130% of AMI)
  • Shovel-ready, vacant site vested under 421-a Option B
  • Zoning and air-rights flexibility
  • City of Yes improved density

OVERVIEW

Avison Young is pleased to present a two-asset offering in Flatbush, Brooklyn distinguished by vested 421-a Affordable New York benefits on both components of the transaction—a condition that is increasingly scarce and no longer replicable under current regulatory frameworks. The offering combines a newly constructed, fully vacant multifamily elevator building with an adjacent, shovel-ready development site, providing both immediate income generation and a defined path to future development within a single capital structure.

ASK ABOUT THIS PROPERTY

Erik EdeenAvison YoungMore Info
203-927-7480

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Erik EdeenAvison YoungMore Info
203-927-7480

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.