Accord Real Estate Group
Contact Information: 718-375-2065, 917-804-3198, info@accreg.com

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Jeff Grandis
Sell your property
with
Jeff Grandis
your Brooklyn
neighborhood
real estate broker.
917-804-3198
"I guarantee the finest personalized service in the marketing and sale of your residential and investment property"
Read more about Jeff
Anna Kader
Sell your property
with
Anna Kader
your Brooklyn
neighborhood
real estate broker.
917-378-4033
"My knowledge and experience in technology have proven to be invaluable to our clients in today's Real Estate market" Read more about Anna
CONTACT
INFORMATION:
718-375-2065
917-804-3198
info@accreg.com
May 20th 2017

New York State lawmakers, after one year have finally revived 421A as part of the State’s $163B budget. The new program called Affordable New York, offers full property tax exemption for up to 35 years.

Many developers consider Central Brooklyn and specifically Flatbush, East Flatbush and Prospect Lefferts Gardens to be undervalued. The numbers speak for themselves with theaverage price per buildable square foot at $100-120 vs $70 -75 per buildable square foot in 2014.

Compared to Bedford Stuyvesant current pricing in the  $250+ range per buildable square foot for development opportunities, Flatbush and surrounding neighborhoods will continue to experience tremendous growth, especially with 421A now back in place.

One of many examples of projects currently being build is Hudson Companies 170 unit residential building going up at 310 Clarkson Avenue and another 248 residential units and 6,000 square feet of retail space planned for 350 Clarkson Avenue.

According to Jacob Garchik, a Prospect Lefferts Gardens resident who has compiled a map of current Flatbush projects, there are 50 new projects in the works southeast of Prospect Park.

If you are planning to sell your residential, commercial, mixed use building, vacant land, co op apartment or condominium call us. You will be very happy that you did. Please visit Client Testimonial page to read about many of satisfied clients’ experiences with our company.

Thank you;

Accord Real Estate Group