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815-823 Flatbush Ave 80 Unit Apartment Building $59,678,220 CAD ($745,978 CAD/Unit) Brooklyn, NY 11226



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
- Offering Memorandum
Property Facts
| Price | $59,678,220 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $745,978 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 0.28 AC |
| No. Units | 80 | Building Size | 74,570 SF |
| Property Type | Multifamily | No. Stories | 8 |
| Property Subtype | Apartment | 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 | ||
| Price | $59,678,220 CAD |
| Price Per Unit | $745,978 CAD |
| 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 | $7,137,716 CAD |
| Land Assessment | $1,478,344 CAD | Total Assessment | $8,616,059 CAD |
Property Taxes
Parcel Number
05083-0003
Land Assessment
$1,478,344 CAD
Improvements Assessment
$7,137,716 CAD
Total Assessment
$8,616,059 CAD
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815-823 Flatbush Ave
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