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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.

Data Room Click Here to Access

Property Facts

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 - -
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
05083-0003
Land Assessment
$1,459,958 CAD
Improvements Assessment
$6,253,787 CAD
Total Assessment
$7,713,745 CAD
  • Listing ID: 39893255

  • Date on Market: 2026-03-24

  • Last Updated:

  • Address: 815-823 Flatbush Ave, Brooklyn, NY 11226

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