The activity experienced by the New York City multifamily market during the third quarter of 2018 was very similar to the activity observed during 2Q18, with significant year-over-year increases compared to 3Q17. Institutional-level transactions were recorded at levels exceeding those that were observed last year.
Inclusionary Air Rights For Sale:
This offering is an opportunity for owners of eligible properties to enlarge the size of market-rate developments located in Community Board 5, within a 1/2 mile radius of the generating site or within additional specified Designated Inclusionary Housing Areas.
Prime 28,787 BSF Development Site :
1205-1209 Flatbush Avenue
A prime 55’ x 133’ block-through, mixed use development site located in the heart of the Flatbush neighborhood, this site rests in an inclusionary R7-A/C2-4 Zoning district, giving the purchaser a myriad of avenues to add value in the forms of a commercial and residential development.