Rare Corner Development Opportunity at Ditmas Park & Midwood Border

Description:

Ariel Property Advisors presents 1099 Ocean Avenue, a rare corner development site at the crossroads of Midwood, Fiske Terrace, Ditmas Park, and Flatbush.

The property spans an 11,000 sq. ft. parcel improved by a 38’-wide, 4,700 sq. ft. religious facility. It features 210 feet of wraparound frontage—100 feet on Ocean Avenue and 110 feet on Farragut Road.

Zoned R7A, the site allows up to 44,000 BSF (or 55,000 BSF with the UAP program). Ownership invites proposals under two scenarios:
• Option 1 – Community Facility Buy-Back: Developer builds out the full site and delivers the seller a 5,000 sq. ft. white-box community facility condo in the new building. The white-box space community facility will need to consist of multipurpose meeting space, 2 offices, and storage space.
• Option 2 – Subdivide & Build: Seller retains the existing ~4,800 sq. ft. church; developer builds residential units on the ~6,490 sq. ft. corner parcel. Proceeds will fund the church’s renovation.

Situated at the intersection of 4 unique neighborhoods, future residents of 1099 Ocean Avenue will benefit from the property’s convenient access to Brooklyn College, charming local historic districts and lively commercial corridors.

With significant scale, flexible deal structures, and a prime corner location, 1099 Ocean Avenue offers developers a rare opportunity to deliver much-needed housing in a well- connected, supply-constrained Brooklyn neighborhood.

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