Potential Development Opportunity at 3521 Glenwood Road
$3,000,000
3521 Glenwood Road, Brooklyn, NY 11210
Property Description
POTENTIAL DEVELOPMENT OPPORTUNITY!!
CORNER existing single-family home is primed for demolition, offering developers a blank canvas for a high-value project.
6,310 SQ FT.
Zone R6
Max residential fl area 24,609
Max comm facility area 30,288
Ideal for a boutique mixed-use condominium project. Zoning analysis supports a 5 story building with an elevator accommodating up to 36 units. This site offers flexibility for market-rate condos, with recent area sellouts ranging from $900-1100 SF or an Affordable Housing Development under the UAP program, catering to Brooklyn's growing demand for accessible housing.
Strategically located near the 2/5 trains, Brooklyn College, Kings Theater, vibrant shops and dining.
This property ensures strong market appeal. Cash only.
Contact to explore this exceptional development opportunity!
Property Details
Asset Type
Development Site
Zoning
R6
Lot Size
6,310 SF
Neighborhood
Flatbush
Submarket
Brooklyn
ZIP
11210
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$170,658
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$14,222
Annual Debt Service
$170,658
View on Map
Address
3521 Glenwood Road
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Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale
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