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987-989 Pacific St 0.13 Acres of Residential Land Offered at $6,500,000 in Brooklyn, NY 11238
EXECUTIVE SUMMARY
This consolidated site presents a prime development opportunity, leveraging the combined acreage and frontage under the applicable zoning. The property’s zoning allows for the construction of a boutique mixed-use condominium development. Surrounded by major new residential development (over 1,000 new apartments recently completed within a few blocks, with an additional 4,000+ units upcoming). Exceptional access to transit, including subway lines (A, C, J, M, Z, 2, 3, 4), LIRR, and major bus routes. Situated only 5 blocks from Barclays Center.
PROPERTY FACTS
| Price | $6,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Property Type | Land | Year Built | 1930 |
| Zoning | M1-2A/R6-A - Located in the Atlantic Avenue Mixed Use Plan (AAMUP). The site’s zoning was changed from M1-1 to a contextual mixed-use district. | ||
| Price | $6,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.13 AC |
| Year Built | 1930 |
| Zoning | M1-2A/R6-A - Located in the Atlantic Avenue Mixed Use Plan (AAMUP). The site’s zoning was changed from M1-1 to a contextual mixed-use district. |
1 LOT AVAILABLE
Lot
| Price | $6,500,000 | Lot Size | 0.13 AC |
| Price Per AC | $50,000,000.00 |
| Price | $6,500,000 |
| Price Per AC | $50,000,000.00 |
| Lot Size | 0.13 AC |
~5,500 Sq Ft. 2 adjacent lots (987 Pacific St. & 989 Pacific St.), to be sold collectively. M1-2A/R6-A mixed-use zoning. ~29,500 buildable Sq Ft. Mixed-use development site in Prospect Heights/Crown Heights. Delivery vacant.
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $331,650 | |
| Land Assessment | $101,250 | Total Assessment | $432,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$101,250
Improvements Assessment
$331,650
Total Assessment
$432,900
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Presented by
Century Homes Realty Group LLC
987-989 Pacific St
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