2516 Cortelyou RD Brooklyn, NY 11226
4 Beds
2 Baths
2,709 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Flatbush
MLS Listing ID 1072513
Bedrooms 4
Full Baths 2
Rental Info No
Year Built 1920
Annual Tax Amount $7,985
Lot Size 2,709 Sqft
Acres 0.0622
Property Sub-Type Duplex
Source onekey2
Property Description
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.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Storage Space, Unfinished
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Open Kitchen, Original Details, Pantry, Master Downstairs, Storage
Heating Baseboard, Natural Gas
Cooling Multi Units
Fireplace No
Exterior
Parking Features Detached, Driveway, Parking Lot, Private
Garage Spaces 1.0
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public
Total Parking Spaces 4
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 245
Middle Schools Jhs 234 Arthur W Cunningham
High Schools Brooklyn 22
School District Brooklyn 22
Others
Senior Community No
Special Listing Condition None
Nearby Locations