967 Nostrand Avenue

Crown Heights

$20,000,000
Price
9,913 / 0.23
Lot Size / Acres

Description

Lion Estates is pleased to present this exceptional development opportunity in the prestigious Crown Heights neighborhood of Brooklyn. This 15,735 sq. ft. corner parcel features three sides of street frontage and is zoned R7-1 with a C2-3 overlay, offering extensive development potential. As of now, a developer can construct up to 75,528 ZFA by designating a portion of the floor area for community facility use. Future ownership can capitalize on the site's 354 feet of wrap-around street frontage,...Lion Estates is pleased to present this exceptional development opportunity in the prestigious Crown Heights neighborhood of Brooklyn. This 15,735 sq. ft. corner parcel features three sides of street frontage and is zoned R7-1 with a C2-3 overlay, offering extensive development potential. As of now, a developer can construct up to 75,528 ZFA by designating a portion of the floor area for community facility use. Future ownership can capitalize on the site's 354 feet of wrap-around street frontage, optimizing the corner location. The current ownership is undergoing a ULURP Process to secure rezoning. Preliminary plans have been crafted with Architectural and Engineering consultants for an unparalleled 249,000 sq. ft. Mixed-Use project. The immediate vicinity is experiencing significant transformation. A 328-Unit Mixed-Use building has recently been constructed on the adjacent lot, allowing this development to benefit from the newly extended 421-A Program and substantially reduced taxes in this opportunity zone. Foundation work has been approved and finalized allowing new developer to reduce development timeline. The property benefits from its proximity to Brooklyn's Prospect Park and excellent connectivity via car or public transportation. The 2/5 trains are accessible one block away at Sterling Street, with the Prospect Park B/Q station just minutes away, offering a connection to the Q train via the shuttle line. B43 and B44 buses stop within minutes of the property. This is an exceedingly rare opportunity to acquire a mixed-use site with vast development potential and unparalleled scale. This prestigious piece of highly sought after land, is located in a neighborhood undergoing rapid transformations and poised for significant growth . Recently appraised for 25 million dollars. Calling all Builders, Investors and Developers, don't miss this once in a lifetime opportunity.

Property Details for 967 Nostrand Avenue

Township
Brooklyn
Zoning Description
Residential
Development Status
Feasibility Study Completed,Planned Unit Development
Section Area
Montgomery St
Offer Presentation
Can be Present
LISTING UPDATED: 10/17/2024 01:23 PM

Property Details for 967 Nostrand Avenue

StatusPermanently Off Market
MLS ID3562492
Days on Market111
Taxes$39,027 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeLand
MLS TypeLand
Year Built1920
Lot Size9,913 SF / 115' x 86'
CountyKings County

Building

967 Nostrand Ave

7 Units1 StoriesBuilt in 1920

Building Information for 967 Nostrand Avenue

Lot Size9,913 SF / 115' x 86'Building Age-Building Type-

Property Information for 967 Nostrand Avenue

Summary
Location and General Information
  • MLS Area Minor: 13
  • Directions: WAZE
  • Tax Block: 1309
  • Tax Lot: 17
  • Flood Zone Report: 0
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Brooklyn 17
  • Elementary School District: Brooklyn 17
  • Middle Or Junior School District: Brooklyn 17
  • Middle Or Junior School: Ms 61 Dr Gladstone H Atwell
  • High School District: Brooklyn 17
  • High School: Medgar Evers College Prep School
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 01309-0017
  • Tax Map Number: 01309-0017
Interior and Exterior Features
Interior Features
  • Amenities: Public
Exterior Features
  • Exterior Property Features: Cleared, Corner Lot
  • Elevation Certificate: No
Lot Information
  • Lot Features: Cleared,Corner Lot
  • Lot Size Dimensions: 114.83x86.33
  • Lot Dimensions Source: Survey
  • Site Features: Cleared, Corner Lot
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

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
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
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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Listing Courtesy of Lion Estates LLC

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