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647 Pine St
Brooklyn, NY 11208 East New York

$700,000 USD

Land For Sale  •  0.05 AC

Property Details

  • Property Type Land
  • Lot Size 0.05 AC
  • Zoning R5
100 Transit Score
100 Walk Score

Description

Asset CRG Advisors, LLC, has been exclusively retained to market 647 Pine Street and 651 Pine Street, two development opportunities located in the East New York neighborhood of Brooklyn. The properties consist of two separate vacant lots totaling approximately 4,000 square feet, offering clean sites for ground-up residential development in one of Brooklyn’s steadily evolving neighborhoods.

Each property is zoned R5 and contains approximately 2,000 square feet of lot area. Together, the sites allow for approximately 6,000 buildable square feet under Standard zoning and up to 6,600 buildable square feet within the Predominantly Built-up Area (PBA).

The properties are well-positioned to benefit from East New York’s continued public and private investment, presenting an excellent opportunity for developers seeking long term value in a growing Brooklyn market.

Highlights

Development opportunity in the East New York neighborhood of Brooklyn.
Two separate 2,000-square-foot vacant lots, totaling approximately 4,000 square feet of lot area.
Approximately 6,000 combined bsf under Standard zoning and up to 6,600 combined bsf within the Predominantly Built-up Area (PBA).
Excellent opportunity for residential redevelopment.
Located near the New Lots Avenue and Pennsylvania Avenue subway stations, providing access to Downtown Brooklyn and Manhattan via the 3 train.

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 8 min - 3.1 mi
Kew Gardens Station (Babylon Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road) 13 min - 4.9 mi
Transit/SubwayDriveWalkDistance
Euclid Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
Grant Avenue (A - New York MTA Subway (The Subway)) 3 min 14 min 0.8 mi
Shepherd Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 3 min 18 min 0.9 mi
New Lots Avenue (3,4 Line) (3 - New York MTA Subway (The Subway), 4 - New York MTA Subway (The Subway)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
John F Kennedy International 11 min - 6.7 mi
LaGuardia 21 min - 11.1 mi
Newark Liberty International 42 min - 20.9 mi
Sadya Liberow 347-762-4055 Asset CRG Advisors LLC
Sadya Liberow 347-762-4055 Asset CRG Advisors LLC