1099 Ocean Ave
Brooklyn, NY 11230
Terrain À vendre · 0,25 AC

Ariel Property Advisors presents 1099 Ocean Avenue, a rare and highly strategic corner development site located at the convergence of four vibrant Brooklyn neighborhoods: Midwood, Fiske Terrace, Ditmas Park, and Flatbush. This 11,000 sq. ft. parcel, currently improved by a 4,700 sq. ft. religious facility, offers 210 feet of wraparound frontage—100 feet on Ocean Avenue and 110 feet on Farragut Road—making it an ideal canvas for transformative residential development.
Zoned R7A, the site supports up to 44,000 buildable square feet under standard FAR, and up to 55,110 BSF with the inclusion of the city’s UAP program. Ownership is inviting proposals under two flexible scenarios: a community facility buy-back, where the developer constructs the full site and delivers a 5,000 sq. ft. white-box community facility condo to the seller; or a subdivision approach, allowing the seller to retain the existing church while the developer builds residential units on the remaining corner parcel.
The property benefits from exceptional transit access, with the B and Q subway lines just a short walk away and multiple bus routes serving the area. Its proximity to Brooklyn College, the Triangle Junction Shopping Mall, and several historic districts enhances its appeal to future residents. The site is also a strong candidate for the 485-X tax abatement program (Option B), offering up to 35 years of benefits for modest rental projects.
With its scale, zoning flexibility, and location in a supply-constrained market, 1099 Ocean Avenue represents a rare opportunity for developers to deliver much-needed housing in one of Brooklyn’s most connected and culturally rich neighborhoods.