21 East 29th Street & 1580 Nostrand Avenue

Avison Young is pleased to present a two-asset offering in Flatbush, Brooklyn distinguished by vested 421-a Affordable New York benefits on both components of the transaction—a condition that is increasingly scarce and no longer replicable under current regulatory frameworks. The offering combines a newly constructed, fully vacant multifamily elevator building with an adjacent, shovel-ready development site, providing both immediate income generation and a defined path to future development within a single capital structure.

The portfolio is anchored at the intersection of Albemarle Road, East 29th Street, and Nostrand Avenue, a transit-oriented residential corridor with direct access to multiple subway lines and established rental demand.