~37,500 ZFA Mixed-Use Development Site | Atlantic Avenue Rezoning Area

1024-1026 Pacific Street & 622 Classon Avenue

Crown Heights

Cross Street Pacific St / Dean St, Classon Ave / Grand Ave

Lot SF 8,430

Zoning M1-3A/R7D (AAM), M1-2A/R6A, M1-3A/R7D (AAM) split zone

Lot Dimensions 20.42 ft x 79.83 ft, 25 ft x 110 ft irreg., 25 ft x 110 ft

Subways

Other Transportation
LIRR

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Development 1024-1026 Pacific Street & 622 Classon Avenue, Crown Heights

Andrew Manasia

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516-974-2393

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Details

Existing SF 10,291

FAR 3.53

Market Rate ZFA 29,737

MIH ZFA 37,431

Overview

TerraCRG has been exclusively retained to represent ownership in the sale of 1024-1026 Pacific St & 622 Classon Ave, a three-lot assemblage for residential mixed-use development located within the recently rezoned area of prime Prospect Heights and Crown Heights. Situated between Classon Avenue and Grand Avenue, the property offers a compelling combination of immediate usability, strong zoning fundamentals, and long-term redevelopment upside.

Three Lot Assemblage
8,430 SF Total Lot Size
37,431 Gross MIH ZFA
Dual Frontage
(50ft on Pacific & 20ft on Classon)
Split Zoning in
M1-2A/R6A & M1-3A/R7D
Prime Prospect Heights
& Crown Heights Location

Overall, 1024-1026 Pacific Street & 622 Classon Avenue offer a balanced risk profile: near-term usability combined with clearly defined zoning upside in a neighborhood where warehouse space is becoming scarcer and the number of residential dwelling units is becoming more abundant.