991 Eastern Parkway
$4,500,000
991 Eastern Parkway, Brooklyn, NY 11213
0.2383 acres
Lot Area
Details:
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.
Description:
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.
991 Eastern Parkway is located in the heart of Crown Heights, one of Brooklyn’s most vibrant and culturally rich neighborhoods. The property sits along the grand Eastern Parkway, a historic thoroughfare designed by Frederick Law Olmsted, offering a blend of residential charm and urban convenience. It benefits from close proximity to major transit options, including the 3 and 4 subway lines at Utica Avenue, providing direct access to Downtown Brooklyn and Manhattan. The area is surrounded by neighborhood staples, including Prospect Park, the Brooklyn Museum, and various dining, shopping, and educational institutions, making it an attractive location for residents and investors alike.
Documents:
| Title | ||
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| 991_Eastern_Parkway__Brooklyn__NY_11213_-_Exclusive__OM_.pdf |
Location
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