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Investment Highlights
- 31-Years of 421a Tax Abatement Remain
- Only 4 Blocks from Prospect Park
- Exempt From Good Cause Eviction
- Thoughtfully Designed Residences
- Favorable Amenity Package
Executive Summary
Avison Young, as the exclusive agent, is pleased to offer for sale 815 Flatbush Avenue (the “Property”), located on the southeast corner of Caton Avenue and Flatbush Avenue in Prospect Lefferts Gardens, Brooklyn. This 8-story, new construction mixeduse elevator building with 211 feet of wraparound frontage was completed in 2021 with a 35-year 421a tax abatement that expires in 2057. Designed by award-winning architects, the Property consists of one-bedroom and two-bedroom layouts across 76 residential units over 4 retail spaces, and an array of amenities across approximately 74,750 gross square feet.
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Property Facts
| Sale Type | Investment | Building Class | A |
| No. Units | 80 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 74,570 SF |
| Property Subtype | Apartment | No. Stories | 8 |
| Apartment Style | Mid-Rise | Year Built | 2021 |
| Zoning | R7A - a medium-density, contextual residential district where the Quality Housing Program regulations are mandatory, typically producing high lot coverage a | ||
| Sale Type | Investment |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.28 AC |
| Building Size | 74,570 SF |
| No. Stories | 8 |
| Year Built | 2021 |
| Zoning | R7A - a medium-density, contextual residential district where the Quality Housing Program regulations are mandatory, typically producing high lot coverage a |
Amenities
Unit Amenities
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 46 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05083-0003 | Improvements Assessment | $6,253,787 CAD |
| Land Assessment | $1,459,958 CAD | Total Assessment | $7,713,745 CAD |
Property Taxes
Parcel Number
05083-0003
Land Assessment
$1,459,958 CAD
Improvements Assessment
$6,253,787 CAD
Total Assessment
$7,713,745 CAD
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815-823 Flatbush Ave
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