967 Nostrand Avenue

967 Nostrand Avenue

967 Nostrand Ave
Crown Heights

$43,000,000
Price
15,735 / 0.36
Lot Size / Acres
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Description

This is a trophy development opportunity in the coveted Crown Heights neighborhood of Brooklyn, just moments away from Prospect Park. This 15,735 SF corner gem boasts 3 sides of street frontage and carries R7-1 zoning with a C2-3 overlay, offering excellent scale and abundant development possibilities. As-of-right, a developer can build up to 75,528 ZFA by allocating a portion of the floor area toward community facility use. Future ownership will also include a retail component and leverage the site’s...This is a trophy development opportunity in the coveted Crown Heights neighborhood of Brooklyn, just moments away from Prospect Park. This 15,735 SF corner gem boasts 3 sides of street frontage and carries R7-1 zoning with a C2-3 overlay, offering excellent scale and abundant development possibilities. As-of-right, a developer can build up to 75,528 ZFA by allocating a portion of the floor area toward community facility use. Future ownership will also include a retail component and leverage the site’s 354 feet of wrap-around street frontage. Foundation work has been completed, allowing the developer to take advantage of the new extended 421-a program and substantially reducing the development timeline. Current ownership is undergoing a ULURP process to secure a rezoning. Preliminary plans have been prepared for a one-of-a-kind 249,000 SF mixed-use project. Contact exclusive agents for additional information & due diligence. The immediate area is undergoing unprecedented transformation. A 328 unit mixed-use building just topped out on the adjacent lot . Across the street on both sides of the block, two other 7-story developments are in progress. The property benefits from proximity to Brooklyn’s Prospect Park and excellent connectivity by car or public transport. 2,5 trains are accessible 1 block away at Sterling Street, while the Prospect Park B Q station is minutes away with connection to the C train via the shuttle line. B43 and B44 buses stop within minutes of the property. Extremely rare opportunity to acquire a mixed-use site with a vast number of development possibilities and unparalleled scale, nestled on a tree-lined block in a neighborhood undergoing rapid transformation. Madison Estates Sotheby's International Realty - The Franzese Group and Revived Commercial have Co-Listed this property.

Amenities

  • Lowrise

Location

Listing Courtesy of MadisonEstates Sothebys Realty
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LISTING UPDATED: 05/08/2024 04:34 PM

Property Details for 967 Nostrand Avenue

StatusActive
MLS ID481740
Days on Market15
Taxes-
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeLand
MLS TypeLand
Year Built1920
Lot Size15,735 SF / 115' x 86'
CountyKings County

Building

967 Nostrand Ave

7 Units1 StoriesBuilt in 1920

Location

Listing Courtesy of MadisonEstates Sothebys Realty
Add your commute

Building Information for 967 Nostrand Avenue

Lot Size15,735 SF / 115' x 86'Building Age-Building Type-

Payment Calculator

$234,669 per month

30 year fixed, 7.25% Interest

Principal and Interest

$234,669

Property Taxes

—

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 967 Nostrand Avenue

Summary
Location and General Information
  • Cross Street Name: Clove Rd
  • Cross Street Name: Montgomery St
  • Zoning: R7-1
Taxes and HOA Information
  • Financing: Cash
Property
Lot Information
  • Lot Size Irregular YN: Yes
  • Lot Size Length: 86
  • Lot Size Width: 114
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Owner Occupied: Vacant

Property History for 967 Nostrand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 967 Nostrand Avenue

This home is within Nyc Geog District #17 - Brooklyn.
Rating
School
Type
Grades
Distance
P.S. 161 The Crown
Public - PK to 5
Ms 61 Gladstone H Atwell
Public - 6 to 8
Medgar Evers College Preparatory School
Public - 6 to 12
W E B Dubois Academic High School
Public - 9 to 12
Rating
School
Distance
P.S. 161 The Crown
PublicPK to 5

Ms 61 Gladstone H Atwell
Public6 to 8

Medgar Evers College Preparatory School
Public6 to 12

W E B Dubois Academic High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 967 Nostrand Avenue, Crown Heights

967 Nostrand Avenue is a 0.36 ac of land for sale in Crown Heights. This property was listed for sale on May 6, 2024 by MadisonEstates Sothebys Realty, it's currently listed at $43,000,000. This listing's school district is Nyc Geog District #17 - Brooklyn. Nearby schools include P.S. 161 The Crown, Ms 61 Gladstone H Atwell and Medgar Evers College Preparatory School. 967 Nostrand Avenue is a 0-bed, 0-bath, 0.36 ac of land built in 1920 on a 15,735 sq. ft. / 0.36 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MadisonEstates Sothebys Realty

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.