718-768-6888
972-974 Dean St, Brooklyn, NY for Sale
Warehouse - FOR SALE
1/27
null | Request Cap Rate

972-974 Dean St
Brooklyn, NY 11238
Crown Heights


HIGHLIGHTS

  • AAMUP Rezoning Area
  • 25,000 BSF AAMUP ZFA
  • 18,000 SF Existing Building
  • 54x120 Lot Size

OVERVIEW

TerraCRG has been exclusively retained to represent ownership in the sale of 972-974 Dean Street, a prime 3-story commercial building in Crown Heights, located within the proposed Atlantic Avenue Mixed-Use Plan (AAMUP) formally known as MCROWN. Positioned between Classon and Franklin Avenues, the property is directly across from the nearly completed 953 Dean Street new construction project and adjacent to 1000 Dean Street, one of Brooklyn’s most sought-after creative office spaces. The 6,490 SF lot (54 ft x 120 ft) is currently improved by a 3-story warehouse, which will be delivered vacant, providing a rare opportunity for immediate redevelopment. Under the proposed M1-4/R6A rezoning, the property could allow for 25,311 buildable SF (3.9 FAR), enabling a mixed-use residential and commercial development under the City of Yes initiative and Mandatory Inclusionary Housing (MIH) framework. This offering represents a rare opportunity to invest in a high-growth neighborhood with strong redevelopment potential in one of Brooklyn’s most dynamic commercial corridors.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

25k BSF Crown Heights AAMUP Site For Sale

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

UTILITIES

Lighting, Gas, Water, Sewer

CLEAR CEILING HT

14 Ft

DOCKS

1

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15

LAND SF

6,534

ZONING

M1-1

APN/PARCEL ID

01142-0016

ASK ABOUT THIS PROPERTY

Daniel MarksTerraCRG Brooklyn Commercial Real EstateMore Info
718-768-6888

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Daniel MarksTerraCRG Brooklyn Commercial Real EstateMore Info
718-768-6888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.