Flatbush Presbyterian Church hits the market as development site

Ditmas Park property offers up to 28,920 sf of development rights

New York /
Nov.November 27, 2018 11:00 AM

Flatbush Presbyterian Church at 494 East 23rd Street in Brooklyn (Credit: Google Maps)

Another New York church is up for sale and being marketed as a possible development site.

An aerial of Flatbush Presbyterian Church (Credit: Google Maps)

The Flatbush Presbyterian Church at 494 East 23rd Street in Ditmas Park is now on the market, according to Bklyner. The church is currently using about 3,400 square feet of land for its building, while developers would be able to build an extra 16,000 square feet as of right on the site.

If the developers include space for a community facility, the project could be up to 28,920 square feet.

The church has said it hopes to remain on the premises, so it seems likely that it will continue the trend of churches leasing part of its space to large residential developers. The property value is assessed at slightly less than $1.2 million. Colliers International has the listing. [Bklyner] – Eddie Small


Related Articles

arrow_forward_ios
(Photo illustration by The Real Deal)

This office redeveloper is going all in

This office redeveloper is going all in
Clare Newman with Governors Island (Credit: Governors Island, Getty Images)

Governors Island redevelopment opposed as excessive

Governors Island redevelopment opposed as excessive
Blackstone's Ken Caplan (iStock; Blackstone)

Industrial now 36% of Blackstone’s RE portfolio

Industrial now 36% of Blackstone’s RE portfolio
Almanac Realty Investors managing director Matthew Kaplan (Almanac Realty; iStock)

Workforce housing investor gets $320M boost

Workforce housing investor gets $320M boost
Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building
 Robert Morse, executive chairman of Bridge Investment Group, one of the major Opportunity Zone investors focusing on real estate.  (Bridge, Stanford)

Opportunity Zone investments got a boost in 2020

Opportunity Zone investments got a boost in 2020
333 Johnson Avenue with Royalton Capital’s Jin Lee, Sciame Construction's Frank Sciame and Normandy Real Estate Partners' Finn Wentworth (Royalton Capital, Sciame, Normandy)

Normandy sued by former partners for hiding Netflix deal

Normandy sued by former partners for hiding Netflix deal
Union Square Park to gain 2 acres in $100M plan (Getty_

Union Square Park to gain 2 acres in $100M plan

Union Square Park to gain 2 acres in $100M plan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...