Sadya Liberow successfully brokered the sale of 1620-1626 New York Avenue, an assemblage of three single-family homes strategically positioned in the heart of East Flatbush, Brooklyn. The properties, acquired and sold as separate deals through the expertise of the Liberow Team, provided an impressive 47,337 buildable square feet, marking a significant development opportunity in this thriving neighborhood.
With a total lot size of 12,299 square feet (measuring 120' x 102.5'), the site has been reimagined as a luxury 54-unit elevator building. The newly developed property boasts premium amenities such as a rooftop lounge, a fully equipped gym, and modern features designed to enhance urban living.
The sale was completed for $3.63 million, translating to $126 per buildable square foot—a testament to the value and development potential of the location. This transaction reinforces East Flatbush’s emergence as a desirable area for high-quality residential projects and underscores the neighborhood’s growing appeal to investors and residents alike.
East Flatbush has experienced steady growth, with median home sale prices climbing to $787,000 in August 2024, reflecting a 19.2% increase from the previous year. The new development on New York Avenue aligns with the area’s upward trend, offering contemporary housing solutions to meet the increasing demand.
