VALUE-ADD AND LEASE-UP POTENTIAL
The property features a versatile 10,583-square-foot configuration comprising three commercial suites and one residential duplex. Investors can realize immediate upside and stabilize income through the lease-up of a vacant 3,290-square-foot commercial suite, alongside strategic market rent adjustments over time.
ZONING & DEVELOPMENT UPSIDE
The property falls into the highly flexible R5/C2-3 zoning district, which allows for a combination of residential and commercial use. It holds a favorable development footprint of a 60.17 by 136-foot lot size and sits in the Coney Island Avenue corridor within the Office of City Planning's Proposed South of Prospect Park Re-zoning Plan, enabling long-term potential for strategic expansion or future ground-up redevelopment.
PREMIUM FOOT TRAFFIC AND VISIBILITY
Prominently positioned in a high-density, multi-tenant section of the Kensington-Flatbush border, the site benefits from strong local demographics. Its placement along a primary north-south artery guarantees heavy automotive and pedestrian traffic, ensuring high visibility for commercial tenants.
EXCEPTIONAL REGIONAL CONNECTIVITY
Located just south of Prospect Park, the asset boasts exceptional walkability and regional transit access. It features direct access to the Q train at the nearby Beverley Road subway station, complemented by major local bus routes, providing seamless connectivity throughout Brooklyn and into Manhattan.