Residential Development Site on Atlantic Avenue | Bedford-Stuyvesant

Highlights:

• Prime Atlantic Ave Frontage
• Flexible Mixed-Use Zoning
• 26,835 ZFA
• $14,362 Annual Tax

Description:

TerraCRG has been exclusively retained to represent ownership in the sale of 1027 Atlantic Avenue, a residential mixed-use development site located the heart of Bedford-Stuyvesant along the recently rezoned and rapidly evolving Atlantic Avenue corridor. Situated between Classon Avenue and Franklin Avenue, the property sits at the intersection of Bedford-Stuyvesant, Crown Heights, and Prospect Heights — one of Brooklyn’s most dynamic and supply-constrained growth corridors. The site benefits from strong transportation access, an expanding residential base, and continued mixed-use redevelopment along Atlantic Avenue.

The offering consists of a 25’ x 119’ lot totaling 2,975 sqft, currently improved with a single-story 2,975 sqft G2-class structure delivered vacant. The property is zoned C6-3A / R9A (AAM) (MIH) and benefits from a 9.02 FAR, allowing for up to 26,835 ZFA. This high-density zoning designation permits residential, commercial, and community facility uses, offering flexibility for a luxury rental development, condominium project, mixed-use asset with ground-floor retail, or a flagship end-user opportunity.

Atlantic Avenue continues to evolve into a premier mixed-use corridor, supported by rezoning initiatives, institutional capital investment, and sustained residential demand. Bedford-Stuyvesant has experienced significant growth over the past decade, driven by infrastructure improvements, retail expansion, and continued migration from prime Brooklyn and Manhattan submarkets. The surrounding area benefits from proximity to Franklin Avenue’s retail corridor and convenient access to multiple subway lines servicing Brooklyn and Manhattan.

With strong zoning fundamentals, a prime Atlantic Avenue location, and meaningful development scale, 1027 Atlantic Avenue represents a compelling opportunity to capitalize on one of Brooklyn’s most active and upward-trending corridors.