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Central Brooklyn | Prospect Lefferts Gardens

$56,000,000

2708-2718 Church Avenue, Brooklyn, NY 11226

Active
Last Updated: 08/18/2026

7.25

Cap Rate

4,048,350

NOI

Details:
Cap Rate:    7.25%
NOI:    $4,048,350
Building Size:    84,837 sqft
Units:    69
Year Built:    2024
Price Per Sqft:    $660
Zoning:    R6, C2-3, C1-3
Floors:    6
Highlights:
  • Prime Corner Mixed-Use Asset: A modern, 6-story elevator building featuring 69 residential apartments, 2 prime commercial spaces, a dedicated community facility, and 35 onsite parking spaces.
  • 35-Year Tax Abatement: Benefits from a brand-new, 35-year Affordable NY Tax Abatement, offering a highly attractive revenue split of 70% free-market units and 30% affordable housing.
  • Premium Amenity Package: Fully equipped with a state-of-the-art gym, dedicated bike room, virtual doorman system, recreation center, central laundry, secure storage, 35 parking spots, a scenic roof deck, and an expansive wraparound terrace.
  • Prime Transit-Oriented Location: Situated on a high-traffic retail corridor in the heart of Prospect Lefferts Gardens, surrounded by a vibrant mix of shopping, dining, and local entertainment options.
  • Exceptional Connectivity: Strategically located within short walking distance to the Church Avenue subway station, offering seamless access to major transit lines.
Map:
Documents:
Title
Executive Summary
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Location
Gallery