Assignments

Development Site in Crown Heights

1283 St Marks Ave, Brooklyn, NY 11213

1283 St Marks Ave, Brooklyn, NY 11213

under contract

Asking
Sale Price
$
1300000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
1300000
Sale Price
$
Buildable SF
8558
Building SF
8558
LOT SF
8558
Cap RATE
%
Zoning
R6 NS

Highlights

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

Property 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.

Map

Maha Alaoui
Senior Associate
(516) 713-7161
malaoui@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(646) 559-4700
AM@landairnyc.com

Documents

Offering Memorandum
Data Room

Request MOre info

Thank you - your request has been received!
Oops! Something went wrong while submitting the form.

Share to social