651 Pine St, Brooklyn, NY for sale

Investment Overview

Asset CRG Advisors, LLC, has been exclusively retained to market 651 Pine St., a development opportunity located in the East New York neighborhood of Brooklyn. The property consists of a 2,000-square-foot vacant lot, offering a clean site for ground-up residential development in one of Brooklyn's steadily evolving neighborhoods. Zoned R5, allowing for approximately 3,000 buildable SF under Standard zoning and 3,300 buildable SF within the Predominantly Built-up Area (PBA), presenting an excellent opportunity for residential redevelopment. The site benefits from efficient lot dimensions and is well-positioned to capitalize on East New York's ongoing public and private investment, making it an ideal opportunity for developers seeking long-term value in a growing market.

Investment Highlights

• Development opportunity in the East New York neighborhood of Brooklyn.
• Property sits on a 2,000 SF vacant lot.
• Zoned R5, allowing for approximately 3,000 buildable SF under Standard zoning and 3,300 buildable SF within the Predominantly Built-up Area (PBA), presenting an excellent opportunity for residential redevelopment.
• The property benefits from efficient lot dimensions and strong redevelopment potential in a neighborhood experiencing continued public and private investment and growth.
• Conveniently located near the New Lots Avenue Station (IRT New Lots Line) and Pennsylvania Avenue Station (3 train), providing direct access to Downtown Brooklyn and Manhattan.