274 E 32nd Street

274 E 32nd Street, Brooklyn, NY 11226

  • For Sale Contact for pricing
  • Property Type Land
  • Property Size 4,000 SF
  • Lot Size 4,000 SF
  • Additional Rent Contact for pricing
  • Date Updated Oct 16, 2024

TerraCRG has been retained exclusively to represent ownership in the sale of 274 E 32ndStreet, a residential development opportunity in Flatbush between Cortelyou and Clarendon Road with DOB approved plans for two 3-story three family buildings.

The vacant 4,000 SF lot has 40 ft of frontage and is zoned R6 allowing a 2.2 Residential FAR for 8,800 ZFA. With the new 485x tax abatement program, this project could qualify for Option B or C, depending on the number of dwelling units, to receive a 10 or 35-year exemption. Additionally, the Mayor’s City of Yes proposal - if approved - would increase the allowable residential FAR to 3.9 under the UAP framework as well as waive parking requirements and reduce the minimum unit density factor allowing for a larger building with more units.

The offering is situated on a tree-lined residential block between Nostrand and New York Avenue retail corridors just a few blocks away from the 2 and 5 subway trains at the Beverly Road stop allowing access to Greater Downtown Brooklyn and Manhattan in just 20-30 minutes. Kings Theater, Prospect Park, Brooklyn College and Barclays Center attractions provide local amenities and activities.

Central Brooklyn is one of the last submarkets in the borough with significant and immediate upside in rents and condominium prices making it one of the more attractive areas for new ground-up boutique and luxury development. Commercial property in Flatbush is being coveted for the current population density and future growth opportunities with a diverse mix of national tenants such as Planet Fitness, Chase, IHOP, Target, and Dunkin’ Donuts along with thriving local family businesses.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Approved Plans for 6-units
  • 8,800 Residential ZFA
  • Vacant lot
  • 40ft of Frontage

Contacts

broker

Andrew Manasia

TerraCRG

broker

Daniel Lebor

TerraCRG

broker

Thomas Horrigan

TerraCRG

broker

Michael Hernandez

TerraCRG

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable

  • Transit Score ®

    94/100 Rider's Paradise

  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • City Brooklyn, NY
  • Neighborhood Flatbush
  • Zip Code 11226

Points of Interest

  • Flatbush Avenue–Brooklyn College

    0.82 miles

  • Mex Cabs

    0.84 miles

  • Cortelyou Road

    0.90 miles

  • Avenue J

    1.49 miles

  • Church Avenue

    1.71 miles

  • Church Ave

    1.71 miles

  • Church Ave Express Car Service

    1.71 miles

  • Church Ave

    1.72 miles

  • Kingston Avenue

    1.78 miles

  • Franklin Avenue

    1.93 miles

  • BP

    0.84 miles

  • BP

    0.95 miles

  • 7-Eleven

    1.17 miles

  • BP

    1.22 miles

  • Shell

    1.22 miles

  • Speedway

    1.26 miles

  • BP

    1.39 miles

  • BP

    1.41 miles

  • Sunoco

    1.52 miles

  • Mobil

    1.73 miles

  • Pathmark

    0.76 miles

  • Kings County Parking Garage

    0.92 miles

  • CVS

    1.90 miles

  • The Brooklyn Museum and Botanic Garden

    2.05 miles

  • Shang Chai

    2.10 miles

  • Car Park Systems

    2.27 miles

  • Ultra Car Park Systems

    2.32 miles

  • Rapid Park

    2.36 miles

  • Underhill Garage

    2.51 miles

  • Garfield Garage

    2.55 miles

  • Brooklyn Vybe Hotel, Ascend Hotel Collection

    0.61 miles

  • The Brooklyn Riviera Hostel

    2.12 miles

  • Days Inn

    2.14 miles

  • Best Western

    2.36 miles

  • La Quinta

    2.41 miles

  • The Brooklyn Hotel

    2.42 miles

  • Home

    2.45 miles

  • Holiday Inn Express

    2.59 miles

  • Knights Inn

    2.62 miles

  • Surface Inn

    2.67 miles

  • Brooklyn Sidewalk Cafe

    0.10 miles

  • YoYo Fritaville

    0.12 miles

  • Pizza Hut

    0.50 miles

  • Island Express

    0.63 miles

  • Picky Eaters

    0.63 miles

  • Sybil's Bakery & Restaurant

    0.71 miles

  • Golden Krust

    0.72 miles

  • Texas Chicken & Burgers

    0.84 miles

  • Dunkin'

    0.85 miles

  • Popeyes

    0.86 miles

  • Public School 397B

    0.37 miles

  • Public School 399

    0.39 miles

  • Johnson Preparatory School

    0.40 miles

  • Public School 246

    0.42 miles

  • Holy Cross School

    0.54 miles

  • Public School 6

    0.58 miles

  • Erasmus Hall High School

    0.60 miles

  • Cycle Education Center

    0.62 miles

  • Science, Technology And Research High School

    0.64 miles

  • Public School 198

    0.68 miles

  • Next to Home Child Care

    0.55 miles

  • Blue Star Academy

    0.79 miles

  • Hawthorne Corners Day Care

    1.03 miles

  • Lefferts Gardens Montessori

    1.09 miles

  • Phebeanna Pre-School

    1.10 miles

  • Kiddie Science

    1.13 miles

  • Maple Street School

    1.19 miles

  • Kaleidoscope Early Childhood Development Center

    1.20 miles

  • Maple Street School

    1.40 miles

  • Smart Kds R Us

    1.44 miles

Frequently Asked Questions

How much does 274 E 32nd Street cost?

The sale price for 274 E 32nd Street is available upon request. Contact the listing broker for more information.

What is the total square footage of 274 E 32nd Street?

274 E 32nd Street totals 4,000 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact 274 E 32nd Street