967 Nostrand Avenue
Brooklyn,
NY
11225
Property Details
| List Price: |
$43,000,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Weichert Realtors The Franzese |
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Description/Comments
| Lot Size: |
15,735 sqft |
| Property Type: |
Lots And Land |
| Year Built: |
-- |
| Notes: |
This is a trophy development opportunity in the coveted Crown Heights neighborhood of Brooklyn, just moments away from Prospect Park. This 15,735 SF corner gem boasts 3 sides of street frontage and carries R7-1 zoning with a C2-3 overlay, offering excellent scale and abundant development possibilities. As-of-right, a developer can build up to 75,528 ZFA by allocating a portion of the floor area toward community facility use. Future ownership will also include a retail component and leverage the site’s 354 feet of wrap-around street frontage. Foundation work has been completed, allowing the developer to take advantage of the new extended 421-a program and substantially reducing the development timeline. Current ownership is undergoing a ULURP process to secure a rezoning. Preliminary plans have been prepared for a one-of-a-kind 249,000 SF mixed-use project. Contact exclusive agents for additional information & due diligence. The immediate area is undergoing unprecedented transformation. A 328 unit mixed-use building just topped out on the adjacent lot .Across the street on both sides of the block, two other 7-story developments are in progress. The property benefits from proximity to Brooklyn’s Prospect Park and excellent connectivity by car or public transport. 2,5 trains are accessible 1 block away at Sterling Street, while the Prospect Park B Q station is minutes away with connection to the C train via the shuttle line. B43 and B44 buses stop within minutes of the property. Extremely rare opportunity to acquire a mixed-use site with a vast number of development possibilities and unparalleled scale, nestled on a tree-lined block in a neighborhood undergoing rapid transformation. Madison Estates Sotheby's International Realty - The Franzese Group and Revived Commercial have Co-Listed this property. |
| MlsNumber: |
481740 |
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| Listing Provided By: |
Weichert Realtors The Franzese, original listing |
| Name: |
Weichert Realtors The Franzese |
| Phone: |
(718) 232-1004 |
| Office Name: |
MadisonEstates Sothebys Realty |
| Office Phone: |
(718) 232-1004 |
| Agent Name: |
Vincent Blandino |
| Disclaimer: |
Copyright © 2024 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
