30-Unit New Construction Mixed-Use Elevator Building with 421a Tax Abatement

$9,900,000

1127-1129 Flatbush Avenue, Brooklyn, NY 11226

For Sale

Mixed Use

Active

Last Updated: 11/18/2025

Building Size: 24,057 sqft

Lot Area: 3,749 sqft

Units: 30

Price Per Sqft: $412

Price Per Unit: $330,000

Zoning: R7A, C2-4

Floors: 8

8-story elevator building delivered in 2019
Encompassing 24,057 square feet and comprising of 30 total units, 28 apartments and two (2) commercial units
10-years remaining on the 15-year term 421a Tax Exemption (current taxes are around 1$/SF)
All residential units contain in-unit climate control, dishwashers, and stainless steel appliances
Upon expiration of the 421a tax abatement, the property will revert to free market status upon unit turnover
Building amenities include a communal rooftop terrace, laundry room, on-site storage, and a fully secure bike room
Within walking distance of the B, Q, 2, and 5 subway lines at Beverly, Cortelyou, and Newkirk Stations
Located in close proximity to main local and national retailers, eateries and institutions

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