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Investment Highlights

  • 25’x155’ lot zone R6: Up to 8,558 sq. ft. market rate (15,717 sq. ft. with UAP)
  • 0.6 miles to A/C trains at Utica Ave & 2, 3, 4, 5 trains at Crown Heights-Utica Ave
  • Close to local retail, parks, and schools, offering convenience for future residents
  • 2,500 sq. ft. residential building delivered vacant and ready for redevelopment
  • Low annual taxes of $2,608

Executive Summary

This 25’ x 155’ R6-zoned lot offers significant redevelopment potential, allowing up to 8,558 buildable square feet of market-rate residential space (or up to 15,717 buildable square feet with UAP). The property includes an approximately 2,500-square-foot residential building that will be delivered vacant and ready for redevelopment, creating an immediate path to repositioning. Conveniently located about 0.6 miles from the A/C trains at Utica Ave and the 2, 3, 4, and 5 trains at Crown Heights–Utica Ave, the site also benefits from low annual taxes of just $2,608 and proximity to local retail, parks, and schools—making it an attractive opportunity for future residential demand.

Property Facts

Price $1,200,000
Sale Type Investment
Sale Condition High Vacancy Property
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
Total Lot Size 0.09 AC
Opportunity Zone Yes
Zoning R6 - Medium density residential district

1 Lot Available

Lot

Price $1,200,000
Price Per AC $13,437,548.99
Lot Size 0.09 AC

Introducing a development opportunity in Crown Heights. This midblock site spans 3,890 sq. ft. (25’ x 155’) and currently features a 2,500 sq. ft. residential building, to be delivered vacant for immediate redevelopment. Up to 15,171 BSF UAP.

Description

Introducing a development opportunity in Crown Heights. This midblock site spans 3,890 sq. ft. (25’ x 155’) and currently features a 2,500 sq. ft. residential building, to be delivered vacant for immediate redevelopment. Zoned R6 on a narrow street, the site allows for a new residential building of up to 8,558 sq. ft. at market rate (15,171 sq. ft. with UAP). Located just 0.6 miles from the A/C trains at Utica Ave and 2, 3, 4, 5 trains at Crown Heights-Utica Ave, the property offers convenient transit access to Manhattan, Downtown Brooklyn, and other key neighborhoods. Crown Heights is experiencing notable growth and demand for residential spaces, making this an ideal location for development with easy access to transportation and local amenities. With the ongoing revitalization in the area, this property presents a significant opportunity for developers seeking to capitalize on the evolving real estate market.

Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
  • Listing ID: 38572170

  • Date on Market: 11/25/2025

  • Last Updated:

  • Address: 1283 Saint Marks Ave, Brooklyn, NY 11213

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