2516 Cortelyou Road
Brooklyn, NY, 11226 $ 2,000,000
Bedrooms4 Baths2.0 Sq 2,480 Monthly Estimate*
$ 13,814
for $2,000,000 with 4 bedrooms and 2 full baths. This 2,480 square foot home was built in 1920 on a lot size of 0.0622.
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.
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FeaturesInteriorInterior Amenities First Floor Bedroom First Floor Full Bath Eat-in Kitchen Open Kitchen Original Details Pantry Master Downstairs Storage
Basement Storage Space Unfinished
Basement Features Storage Space Unfinished
Basement (Y/N) Y
Total Bedrooms 4
Total Baths 2
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GeneralSewer Public Sewer
Heating Baseboard Natural Gas
Cooling Multi Units
Utilities Cable Available Cable Connected Electricity Available Electricity Connected Natural Gas Available Natural Gas Connected Sewer Available Sewer Connected Trash Collection Public
Garage Spaces 1
Construction Materials Brick
Year Built 1920
Property Subtype Duplex
Tax Year 2026
Parcel Number 05169-0066
County Kings (Brooklyn)
Property Type Residential Income
Garage Y/N Y
Full Baths 2
Directions WAZE
High School Brooklyn College Academy
City New York
Senior Community Y/N N
High School District Brooklyn 22
Number Of Units Total 2
Carport Y/N N
Elementary School Ps 245
Property Attached Y/N Y
Tax Annual Amount 7985.04
Middle/Junior High School Jhs 234 Arthur W Cunningham
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Brooklyn 22
Elementary School District Brooklyn 22
Tax Assessed Value 71640
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ExteriorParking Features Detached Driveway Parking Lot Private Detached Driveway Parking Lot Private
Water Source Public
Total Parking 4
Parking Spaces 4
Building Area Total 2480
Waterfront Y/N N
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* Excluded FeaturesList ByLawrence AweListing Agent
Our Neighborhood R E IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $13,814
- Monthly Property Taxes
- $665
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Brooklyn, NY
Average List Price $1,906,127
Percent of Sale Price 5%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
5603957 Elementary School
4098843 Middle School
Brooklyn College Academy High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/10/2026 | $2,000,000 | | Listed Price |