TWO-FAMILY PROPERTY | R6 ZONING | DEVELOPMENT POTENTIAL
A Unique Residential Investment and Development Opportunity in Brooklyn’s Flatbush Neighborhood!
Introducing 2516 Cortelyou Road, a two-family brick property situated on an approximately 2,708-square-foot lot in the desirable Flatbush section of Brooklyn.
Built in 1920, this property offers approximately 2,480 square feet of existing building area, two residential units, and a detached garage. Its approximately 30-foot frontage and 90-foot depth provide an attractive footprint for buyers seeking a multifamily investment, owner-occupant opportunity, or potential redevelopment project.
PROPERTY FEATURES
Two-family brick residential property
Approximately 2,708 SF lot
Approximately 2,480 SF existing building area
Approximately 30’ x 90.25’ lot dimensions
Two stories
Two existing residential units
Detached garage
R6 residential zoning
Located in Brooklyn Community District 17
DEVELOPMENT & ZONING POTENTIAL
One of the property’s most compelling features is its R6 residential zoning designation.
R6 zoning permits multifamily residential development, subject to NYC zoning and building regulations.
With approximately 2,708 square feet of land and a relatively modest existing building footprint, the property presents an opportunity for developers and investors to investigate potential expansion, enlargement, or redevelopment.
Under standard R6 residential zoning, the maximum residential FAR is generally 2.20, potentially representing approximately 5,958 square feet of residential zoning floor area on the reported lot size.
This creates an opportunity to investigate the potential for additional residential floor area beyond the existing building, subject to applicable zoning requirements, building envelope restrictions, yards, height limitations, and verification of existing legal floor area.
Buyers are encouraged to conduct their own architectural and zoning feasibility analysis to determine the property’s full development potential.
PRIME FLATBUSH LOCATION
Conveniently situated along Cortelyou Road, the property benefits from an established residential neighborhood with access to public transportation, neighborhood shopping, restaurants, schools, parks, and everyday conveniences.
Nearby subway connections include the 2/5 trains at Beverly Road and additional connections along Church Avenue and the B/Q lines.
AN OPPORTUNITY FOR MULTIFAMILY INVESTORS & DEVELOPERS
Whether you are looking to acquire a two-family investment property, create additional residential living space, or explore a larger multifamily development opportunity, 2516 Cortelyou Road offers multiple avenues for investment in an established Brooklyn neighborhood.
Bring your architect, explore the possibilities, and unlock the potential of this Flatbush property!
Inquire today for additional information and to schedule a private showing.
For sale
$2,000,000
2516 Cortelyou Road, Brooklyn, NY 11226
4beds
2,480sqft
Duplex, Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$806/sqft
$-- HOA
What's special
Two-family brick residential propertyDetached garageTwo storiesTwo existing residential units
- 19 hours
- 191
- 9
Zillow last checked:
Listing updated:
Listed by:
Our Neighborhood R E Inc 646-772-2868,
Lawrence Awe 646-772-2868,
Anton Cobb 917-295-1245,
Our Neighborhood R E Inc
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1072513
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Natural Gas
Cooling
- Multi Units
Features
- First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Open Kitchen, Original Details, Pantry, Master Downstairs, Storage
- Basement: Storage Space,Unfinished
Interior area
- Total structure area: 2,480
- Total interior livable area: 2,480 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, Driveway, Parking Lot, Private
- Garage spaces: 1
- Has uncovered spaces: Yes
Lot
- Size: 2,709 Square Feet
Details
- Parcel number: 051690066
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public
Community & HOA
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $806/sqft
- Tax assessed value: $71,640
- Annual tax amount: $7,985
- Date on market: 11/10/2026
- Cumulative days on market: 1 day
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2026 | Listed for sale | $2,000,000$806/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,984 +3% | $71,400 +4.6% |
| 2024 | $7,755 | $68,280 -1.3% |
| 2023 | -- | $69,180 +15.3% |
| 2022 | -- | $60,000 +7.4% |
| 2021 | -- | $55,860 -8.8% |
| 2020 | $6,802 +4.4% | $61,260 +2.8% |
| 2019 | $6,514 +2.6% | $59,580 +96.3% |
| 2018 | $6,350 +5.2% | $30,356 +2.5% |
| 2017 | $6,037 +17% | $29,617 +6% |
| 2016 | $5,161 | $27,945 +0% |
| 2015 | $5,161 +63.8% | $27,943 +4.2% |
| 2014 | $3,150 | $26,814 +6% |
| 2013 | -- | $25,297 +2.5% |
| 2012 | -- | $24,681 +6% |
| 2011 | -- | $23,288 +0% |
| 2010 | -- | $23,286 +4.2% |
| 2009 | -- | $22,345 +6% |
| 2008 | -- | $21,081 +2.5% |
| 2007 | -- | $20,568 +6% |
| 2006 | -- | $19,407 +0% |
| 2005 | -- | $19,405 +4.2% |
| 2004 | -- | $18,621 +6% |
| 2003 | -- | $17,568 +2.5% |
| 2002 | -- | $17,140 +6% |
| 2001 | -- | $16,173 +0% |
| 2000 | -- | $16,171 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Flatbush
Nearby schools
Schools provided by the listing agent
- Elementary: Ps 245
- Middle: Jhs 234 Arthur W Cunningham
- High: Brooklyn College Academy
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








