~10,000 BSF Development Opportunity in Crown Heights

Description:

TerraCRG has been exclusively retained to represent ownership in the sale of 972-974 Dean Street, a prime 3-story commercial building in Crown Heights, located within the Atlantic Avenue Mixed-Use Plan – (AAMUP) Rezoned area. Positioned between Classon Avenue and Franklin Avenue, the property is directly across from the nearly completed 953 Dean Street new construction project and adjacent to 1000 Dean Street, one of Brooklyn’s most sought-after creative office spaces.

The 6,490 SF lot (54 ft x 120 ft) is currently improved by a 3-story warehouse with 18,658 square feet above grade along with a full basement, which will be delivered vacant. The property is zoned M1-2A allowing for 3.0 FAR with no parking requirements.

With Crown Heights experiencing rapid growth, this property offers significant investment potential. The ongoing transformation of the area, coupled with rising property values and demand for housing and office space, positions this site for long-term appreciation.

The property’s prime location ensures strong connectivity and market demand. With multiple subway lines (C, S, 2, 3, 4, 5) and major thoroughfares nearby, the site provides easy access to key Brooklyn and Manhattan destinations. Surrounded by a thriving retail and cultural scene—including the Brooklyn Museum, Prospect Park, and vibrant dining corridors—972-974 Dean Street stands at the center of Crown Heights’ continued transformation.

This offering represents a rare opportunity to invest in a high-growth neighborhood with strong commercial potential in one of Brooklyn’s most dynamic commercial corridors.