Marcus & Millichap has successfully sold 218 20th Street, a 25 foot by 100 foot development site that is currently improved by a vacant three-story three family property measuring 18 feet by 55 feet. Given R6B zoning that allows for an FAR of 2, there are 5,000 square feet of development rights. The opportunity is on 20th Street between 4th Avenue and 5th Avenues in South Slope. This is an upwardly trending section of the borough, with newly renovated apartments achieving $50-$55 per square feet and strong transportation and retail options.

• Greenwood Heights Development Site-5,000 Buildable Square Feet
• Vacant Three Family Offers a New Developer Cash-Flow Potential
• Rapidly Strengthening Section of Brooklyn
• Condo Sell Out Achieving $900-$1000 per Square Feet
• Close to the Prospect Avenue "R" Train Station