~10,000 BSF Development Opportunity in Crown Heights

Description:

TerraCRG has been exclusively retained to represent ownership in the sale of 1405-1409 Bedford Avenue, a prime residential mixed-use development site in Crown Heights between St Marks Avenue and Prospect Place.
The 3,116 SF lot (52.5 ft x 58.42 ft) is currently vacant land, providing the opportunity for immediate redevelopment. Zoned R6A/C2-4, the site provides 9,348 ZFA (3.0 base FAR) as-of-right or 12,152 ZFA (3.9 FAR) per the Universal Affordability Preference (UAP) framework subject to affordability requirements.
Crown Heights has become one of Brooklyn’s most dynamic neighborhoods, attracting a mix of young professionals, families, and long-time residents due to its historic charm, vibrant cultural scene, and expanding commercial corridors. The neighborhood features an array of popular restaurants, cafés, and retail options along Nostrand, Franklin, and Bedford Avenues, while nearby institutions such as the Brooklyn Museum, Prospect Park, and the Brooklyn Botanic Garden further enhance the area's appeal.
The site benefits from excellent transit connectivity, making it highly desirable for residential development. The Franklin Avenue and Nostrand Avenue subway stations, both within walking distance, provide access to the 2, 3, 4, 5, A, and C trains, ensuring a quick commute to Downtown Brooklyn and Manhattan. Additionally, multiple bus routes serve the area, enhancing accessibility for residents and visitors alike. The site's proximity to major thoroughfares such as Eastern Parkway and Atlantic Avenue further supports seamless connectivity to the broader Brooklyn area and beyond.