(If you do not have an agent and work directly with the listing agent)
The Crown Development Opportunity 548'552 East New York Avenue, Brooklyn, NY 11225 Residential Development Site in Crown Heights The Crown Development Opportunity offers a rare chance to acquire an 8,190 sq. ft. development site in the Crown Heights neighborhood of Brooklyn. The property provides up to approximately 24,570 buildable square feet under the Quality Housing Program, allowing for a 7-story residential building with around 34'40 units (subject to approvals). The combined 91-foot frontage and 90-foot depth create an efficient development layout with good light and street presence. Buyers may acquire both lots together or separately. Property Highlights Buildable Area: 24,570 SF Lot Size: 8,190 SF (combined) Zoning: R6 (Wide Street) FAR: 3.0 (Quality Housing Program) Maximum Height: 70 ft / 7 stories Cellar Space: 8,190 SF (potential amenity or storage area) Pricing Combined Purchase (548'552 E New York Ave): $5,500,000 Individual Lots: 548 E New York Ave (60x90): $3,500,000 552 E New York Ave (31x90): $2,000,000 Development Potential This site offers flexibility for various residential development strategies, including rental or condominium projects. No current architectural plans are in place, providing buyers the opportunity to design according to their own vision and timeline. Location Situated between Prospect Lefferts Gardens and Crown Heights, the property is near Prospect Park, the Brooklyn Botanic Garden, and major subway lines (2, 3, 4, 5). The area continues to attract strong residential demand and steady neighborhood growth. Contact For more information and access to the full due diligence package: Mendy Lipkser
552 E New York Ave Brooklyn, NY 11225
