60,000+ ZFA Development Site | Downtown Brook 295 Livingston St 9,226 SF 100% Leased Retail Building Brooklyn, NY 11217 For Sale

TerraCRG is pleased to exclusively represent ownership in the sale of 293–295 Livingston Street, a prime development opportunity located in the heart of Downtown Brooklyn. Positioned midblock on Livingston Street between Hanover Place and Nevins Street, the property benefits from exceptional foot traffic, strong retail synergy, and immediate access to major transportation hubs.
The property comprises two tax lots totaling 40.5’ x 125’ (5,063 SF), currently improved with two buildings totaling 9,226 square feet. The site offers substantial future development potential under a Base FAR of 10.0, allowing for approximately 50,630 buildable square feet (BSF). Additionally, with the Inclusionary Housing / UAP bonus (FAR 12.0), the property can achieve up to 60,756 buildable square feet, presenting a rare opportunity to capitalize on one of Brooklyn’s most dynamic and supply-constrained submarkets.
Notably, the property directly neighbors 291 Livingston Street, home to The Livingston Hotel, Brooklyn’s first Hyatt hotel. The presence of a nationally branded hospitality operator immediately adjacent to the site further reinforces the strength of the corridor and highlights the area’s continued institutional investment and long-term growth trajectory.
Situated in the core of Downtown Brooklyn, one of New York City’s fastest-growing residential and commercial districts, the site is surrounded by national retailers, luxury residential towers, Class A office buildings, and major academic and medical institutions. The area continues to benefit from strong tenant demand, infrastructure investment, and long-term rezoning initiatives that support high-density mixed-use development.
With its generous lot dimensions, significant air rights potential, adjacency to a flagship hotel development, and premier transit-oriented location, 293–295 Livingston Street offers developers and investors the opportunity to deliver a transformative mixed-use, residential, office, hospitality, or retail project in one of Brooklyn’s most established and evolving corridors.