Development Site in Crown Heights
1024 Pacific Avenue
Crown Heights
Closed at
B48, B45, B49, B44
I would like to be contacted:
718-285-9367
Want Daniel to contact you?
I would like to be contacted:
Google MapsOverview
The property is located within a recently rezoned area that now provides an R7A, C2-4 zoning,. R7a, C2-4. The rezoned area is also designated for Mandatory Inclusionary Housing, however this can be waived for new developments of not more than 10 units or 12,500 ZFA of residential area. For a fully market rate building under the MIH waiver, the property has a 4.0 FAR, providing 11,000 ZFA.
This pocket of Crown Heights is changing fast. Major new developments within just one block are either already underway or in pre-development. These include: 1010 Pacific Street (175 rental units), 1050 Pacific Street (159 rental units), 979 Pacific Street (Building 1: 64 rental units & Building 2: 65 rental units), and 1034-1042 Atlantic Ave (Building 1: 174 rental units & Building 2: 36 rental units).
Attractions
The property is in a prime location as it is nearby Prospect Park, the Brooklyn Museum, Brooklyn Botanic Garden, and a short distance from the popular Franklin Avenue retail corridor. Also nearby is 1000 Dean, one of the most sought-after office spaces for creatives in Brooklyn. Convenient subway access is nearby at the Franklin Avenue stop, serving the C and S lines.