991 Eastern Parkway, Brooklyn, NY for sale

Investment Overview

Asset CRG Advisors, LLC, has been exclusively retained to market 991 Eastern Parkway, a 10,386 SF through-lot with dual frontage on Eastern Parkway (66 ft) and Lincoln Place (28 ft), located in the Crown Heights neighborhood of Brooklyn. Zoned R6, the property allows approximately 28,129 buildable square feet as-of-right, with the potential to achieve up to approximately 40,505 buildable square feet under UAP, supporting an estimated 59 residential units. The existing structure remains in place, with foundation work completed and the façade reinforced, offering a significant head start for redevelopment. Prior approvals included 39 condominium units, with plans, surveys, and supporting materials available. The parking requirement has been waived, enabling a more efficient and flexible building layout. Positioned along Eastern Parkway, a major Brooklyn corridor, the property benefits from strong visibility and accessibility and is within walking distance of the Utica Avenue subway station (2, 3, 4, and 5 lines), further enhancing its appeal within a high-demand Crown Heights growth corridor experiencing ongoing development activity.

Investment Highlights

• 10,386 SF through-lot with dual frontage on Eastern Parkway (66 ft) and Lincoln Place (28 ft).
• Zoned R6 | ~28,129 buildable SF as-of-right.
• Up to ~40,505 buildable SF under UAP (~59 residential units).
• Existing structure with foundation work completed and façade reinforced.
• Prior approvals included 39 condominium units; plans, surveys, and supporting materials available.
• Parking requirement waived, allowing for a more efficient building layout.
• Located along Eastern Parkway, a major Brooklyn corridor with strong visibility and access.
• Walking distance to Utica Avenue (2, 3, 4, 5) subway lines.
• Positioned within a high-demand Crown Heights growth corridor with ongoing development activity.