14,700 BSF Prime Residential Development Opportunity | Flatbush

Highlights:

• ~14,732 Base ZFA
• 4,550 Lot SF
• Easy Commute to Downtown Brooklyn & Manhattan
• Located along Flatbush Avenue’s Vibrant Commercial Corridor
• Property within a few blocks of Prospect Park

Description:

TerraCRG has been exclusively retained to represent ownership in the sale of 769 Flatbush Avenue, a prime residential development opportunity located in the heart of Flatbush, Brooklyn. The property sits along the vibrant Flatbush Avenue commercial corridor, between Clarkson Avenue and Lenox Road, offering unmatched visibility and access to one of Central Brooklyn’s most active retail and residential corridors.

The lot measures approximately 4,550 square feet and is split-zoned R7A, R6B, C2-4, allowing for an as-of-right base ZFA of ~14,732 SF, with additional buildable potential under the Universal Affordability Preference (UAP). This zoning and location combination presents an ideal opportunity for mixed-use, rental, or boutique condo residential development with ground-floor retail.

Surrounded by a dynamic mix of national retailers and local small businesses, the property benefits from immediate proximity to key neighborhood anchors such as Kings Theatre, Prospect Park, and the Flatbush Caton Market, which continue to drive foot traffic and economic growth in the area. The surrounding blocks have seen a steady influx of new residential and mixed-use projects, highlighting the strength and ongoing transformation of the Flatbush corridor.

Flatbush remains one of Brooklyn’s most promising development markets, offering substantial upside in both rental and condominium pricing while maintaining competitive land values. Developers are increasingly targeting this submarket for boutique and mid-scale projects, taking advantage of strong retail demand, cultural amenities, and growing residential density.

Transit access is excellent, with the B and Q trains at the Church Avenue station just a few blocks away, providing a quick commute to Downtown Brooklyn and Manhattan. Several major bus lines along Flatbush Avenue further enhance accessibility throughout Central and Southern Brooklyn.