2516 Cortelyou Road

Description

TWO-FAMILY PROPERTY | R6 ZONING | DEVELOPMENT POTENTIAL A Unique Residential Investment and Development Opportunity in Brooklyn’s Flatbush Neighborhood! Introducing 2516 Cortelyou Road, a two-family brick property situated on an approximately 2,708-square-foot lot in the desirable Flatbush section of Brooklyn. Built in 1920, this property offers approximately 2,480 square feet of existing building area, two residential units, and a detached garage. Its approximately 30-foot frontage and 90-foot depth provide an attractive footprint for buyers seeking a multifamily investment, owner-occupant opportunity, or potential redevelopment project. PROPERTY FEATURES Two-family brick residential property Approximately 2,708 SF lot Approximately 2,480 SF existing building area Approximately 30’ x 90.25’ lot dimensions Two stories Two existing residential units Detached garage R6 residential zoning Located in Brooklyn Community District 17 DEVELOPMENT & ZONING POTENTIAL One of the property’s most compelling features is its R6 residential zoning designation. R6 zoning permits multifamily residential development, subject to NYC zoning and building regulations. With approximately 2,708 square feet of land and a relatively modest existing building footprint, the property presents an opportunity for developers and investors to investigate potential expansion, enlargement, or redevelopment. Under standard R6 residential zoning, the maximum residential FAR is generally 2.20, potentially representing approximately 5,958 square feet of residential zoning floor area on the reported lot size. This creates an opportunity to investigate the potential for additional residential floor area beyond the existing building, subject to applicable zoning requirements, building envelope restrictions, yards, height limitations, and verification of existing legal floor area. Buyers are encouraged to conduct their own architectural and zoning feasibility analysis to determine the property’s full development potential. PRIME FLATBUSH LOCATION Conveniently situated along Cortelyou Road, the property benefits from an established residential neighborhood with access to public transportation, neighborhood shopping, restaurants, schools, parks, and everyday conveniences. Nearby subway connections include the 2/5 trains at Beverly Road and additional connections along Church Avenue and the B/Q lines. AN OPPORTUNITY FOR MULTIFAMILY INVESTORS & DEVELOPERS Whether you are looking to acquire a two-family investment property, create additional residential living space, or explore a larger multifamily development opportunity, 2516 Cortelyou Road offers multiple avenues for investment in an established Brooklyn neighborhood. Bring your architect, explore the possibilities, and unlock the potential of this Flatbush property! Inquire today for additional information and to schedule a private showing.