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12 Pennsylvania Ave 0.06 Acres of Commercial Land Offered at $2,500,000 in Brooklyn, NY 11207
EXECUTIVE SUMMARY
Located in the heart of East New York, one of Brooklyn’s most rapidly transforming neighborhoods, 12 Pennsylvania Avenue presents a rare opportunity for visionary developers. This property is being offered for redevelopment, with up to 13,400 square feet of buildable space, making it ideal for mixed-use, residential, or commercial projects.
Strategic Location & High Visibility.
Situated along Pennsylvania Avenue, a major north-south corridor in Brooklyn, the site benefits from exceptional exposure, with over 100,000 vehicles passing daily1. The avenue connects key transit and commercial hubs, including the Belt Parkway, Broadway Junction, and Gateway Center Mall, attracting traffic from across Brooklyn, Queens, and Long Island.
The property is just blocks from the Urban Village mega-complex, a transformative 10.5-acre development currently underway. This ambitious project will deliver nearly 2,000 affordable housing units, commercial space, and community amenities, signaling strong municipal and private investment in the area2.
Neighborhood Highlights
Transit Access: Close to multiple subway lines (2, 3, 4, 5, A, C) and bus routes.
Retail & Dining: Minutes from national retailers and restaurants at Gateway Center.
Community Growth: The area is experiencing a surge in new housing, infrastructure upgrades, and economic revitalization.
Investment Potential
With zoning that supports significant redevelopment and a location at the nexus of major urban renewal, 12 Pennsylvania Avenue offers developers a chance to be part of East New York’s next chapter. Whether for residential, commercial, or mixed-use development, this site is positioned for long-term value and impact.
Strategic Location & High Visibility.
Situated along Pennsylvania Avenue, a major north-south corridor in Brooklyn, the site benefits from exceptional exposure, with over 100,000 vehicles passing daily1. The avenue connects key transit and commercial hubs, including the Belt Parkway, Broadway Junction, and Gateway Center Mall, attracting traffic from across Brooklyn, Queens, and Long Island.
The property is just blocks from the Urban Village mega-complex, a transformative 10.5-acre development currently underway. This ambitious project will deliver nearly 2,000 affordable housing units, commercial space, and community amenities, signaling strong municipal and private investment in the area2.
Neighborhood Highlights
Transit Access: Close to multiple subway lines (2, 3, 4, 5, A, C) and bus routes.
Retail & Dining: Minutes from national retailers and restaurants at Gateway Center.
Community Growth: The area is experiencing a surge in new housing, infrastructure upgrades, and economic revitalization.
Investment Potential
With zoning that supports significant redevelopment and a location at the nexus of major urban renewal, 12 Pennsylvania Avenue offers developers a chance to be part of East New York’s next chapter. Whether for residential, commercial, or mixed-use development, this site is positioned for long-term value and impact.
PROPERTY FACTS
| Price | $2,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.06 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | C44L | ||
| Price | $2,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.06 AC |
| Opportunity Zone |
Yes |
| Zoning | C44L |
1 LOT AVAILABLE
Lot
| Price | $2,500,000 | Lot Size | 0.06 AC |
| Price Per AC | $40,664,953.32 |
| Price | $2,500,000 |
| Price Per AC | $40,664,953.32 |
| Lot Size | 0.06 AC |
Block:3965 Lots: 14 & 15 FAR 5.0 for residential, 4.0 for commercial Zoning: R7A, C4-L
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $13,950 | |
| Land Assessment | $161,550 | Total Assessment | $175,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$161,550
Improvements Assessment
$13,950
Total Assessment
$175,500
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12 Pennsylvania Ave
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