Overview

TerraCRG has been exclusively retained to represent ownership in the sale of 732 Prospect Place, a prime residential development opportunity located in the heart of Crown Heights between Rogers Avenue and Nostrand Avenue. The property is currently improved with a three-story structure and presents a compelling opportunity for redevelopment in one of Brooklyn’s most active residential corridors.

• Vacant 3-Family Frame Building
• $4,877 Taxes
• 2,683 SF lot (21 ft x 127.79 ft)
• R6A Zoning
• ~10,464 Gross ZFA
• Access to 2, 3, 4, 5, A, and C trains & multiple bus routes

Crown Heights continues to emerge as one of Brooklyn’s most desirable neighborhoods, drawing strong demand from young professionals, families, and long-term residents alike. The area is defined by its classic brownstone streetscapes, thriving restaurant and café scene, and vibrant commercial corridors along Nostrand, Franklin, and Bedford Avenues. Nearby cultural anchors including Prospect Park, the Brooklyn Museum, and the Brooklyn Botanic Garden further enhance the neighborhood’s lifestyle appeal and long-term investment fundamentals.