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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 offers a prime development opportunity, with the flexibility to combine the two lots into a single, larger zoning lot. This enables a more efficient, higher-yield development strategy, including the option to pursue either a boutique mixed-use condominium project or a larger-scale residential development with affordable housing.
By merging the parcels, the project can fully leverage the total combined acreage and frontage under the applicable zoning, maximizing buildable potential and design efficiency.
The property is surrounded by significant new residential growth, with over 1,000 recently completed apartments within a few blocks and more than 4,000 additional units in the pipeline. It also benefits from exceptional transit access, including multiple subway lines (A, C, J, M, Z, 2, 3, 4), the LIRR, and major bus routes, and is located just five blocks from the Barclays Center.
By merging the parcels, the project can fully leverage the total combined acreage and frontage under the applicable zoning, maximizing buildable potential and design efficiency.
The property is surrounded by significant new residential growth, with over 1,000 recently completed apartments within a few blocks and more than 4,000 additional units in the pipeline. It also benefits from exceptional transit access, including multiple subway lines (A, C, J, M, Z, 2, 3, 4), the LIRR, and major bus routes, and is located just five blocks from the Barclays Center.
Property Facts
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. ~29,510 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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