Flatbush Presbyterian Church hits the market as development site

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

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

Judge Janet DiFiore and Judge Rowan Wilson (Credit: iStock, New York State Courts)

High court decision has tenants stewing, landlords oohing

US Steel’s sprawling South Works site is about the size of Downtown Chicago. At left, Common, who wants to partner with developers on a mixed-use entertainment district there, and Dan McCaffery, whose vision for a 13,000-home community fizzled out. (Credit: Common by Paras Griffin/Getty Images; McCaffery via McCaffery Interests; aerial by Cushman & Wakefield)

South Works, the 415-acre “magnificent property,” is Chicago’s biggest development opportunity

Sharif El-Gamal (Photo by Desiree Navarro/WireImage)

WATCH: Developer Sharif El-Gamal has Covid-19. But he’s one of the lucky ones

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

Governor Andrew Cuomo (Photo by Spencer Platt/Getty Images; iStock)

Cuomo’s foreclosure, mortgage moratorium has no teeth

From left: Realogy's Ryan Schneider, Cushman & Wakefield's Brett White and Newmark Knight Frank's Barry Gosin (Credit: iStock)

Brokerage stocks plunge amid market turmoil

Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze