708 Monroe St, Brooklyn, NY for sale

Investment Overview

Asset CRG Advisors is pleased to present a prime development opportunity at 708 Monroe Street in Bedford-Stuyvesant, Brooklyn. This 2,042 SF lot offers 4,084 buildable square feet, with potential to expand up to 4,901 BSF under the City of Yes zoning initiative. The property comes with approved plans for a six-unit residential building, and its foundation is already approximately 85% complete, allowing a new owner to begin vertical construction quickly and efficiently. The estimated cost to complete the project is approximately $1,000,000, providing a clear and defined path to project delivery. Located in a thriving residential pocket of Bedford-Stuyvesant, the site provides convenient access to the Utica Avenue [A, C] and Gates Avenue [J, Z] Subway Stations. The surrounding area is home to a strong mix of national and local retailers, including McDonald’s, Dunkin’, Walgreens, and Bravo Supermarkets, offering future residents excellent amenities in one of Brooklyn’s most dynamic and evolving neighborhoods.

Investment Highlights

• Development opportunity in Bedford-Stuyvesant, Brooklyn.
• The property has a 2,042 SF lot with 4,084 BSF and 4,901 BSF with City of Yes.
• Approved plans for 6 apartment units.
• Foundation is nearly complete, with approximately 85% of the work done.
• Estimated cost to complete is approximately $1,000,000, offering a clear path to project delivery.
• Plans and due diligence available upon request.
• Close to Utica Avenue [A, C] and Gates Avenue [J, Z] subway stations.
• Near major retailers including McDonald’s, Dunkin’, Walgreens, and Bravo Supermarkets.