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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.

Property Facts

Price $6,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Apartment Units
  • 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
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 01125-0081
  • 01125-0080
Land Assessment
$101,250
Improvements Assessment
$331,650
Total Assessment
$432,900
  • Listing ID: 38309139

  • Date on Market: 11/3/2025

  • Last Updated:

  • Address: 987-989 Pacific St, Brooklyn, NY 11238

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