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For SaleLuxury

$1,500,000

33 days on market

No Address Assigned Pacific St

Brooklyn, NY 11216

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· 8% down, 7% APR, 30yr fixed

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Listing narrative

Description

Location Details Located on Pacific Street between 1406 and 1404 Pacific Street respectively within the landmarked Crown Heights North Historic District. Close proximity to the Kingston Avenue subway station (A/C lines). Walk Score: 95, Transit Score: 100. Site Specifications Lot Size: 2,143 square feet. Delivered vacant with no existing structure. Zoning: R6. As-of-right buildable area: approximately 4,714 square feet (2.20 FAR). Development Plans Universal Affordability Preference (UAP) allows increase to 8,357 buildable square feet (3.90 FAR). City of Yes provisions enable up to 10,286 square feet (4.80 FAR). Residential density optimization possible Neighborhood Demand Drivers Crown Heights is a rapidly growing and highly desirable Brooklyn neighborhood. Condo median asking price: $1.175 million (2025), up 2.3% year-over-year. New development pricing: $1,301 per square foot, up 23.5% quarter-over-quarter. Median rents: $3,150, reflecting strong and sustained rental demand. Continued absorption of high-quality residential product supports new development. The property, Parcel B - 1209 L - 0013, “1406-A” comprises a 20' x 107.17' lot totaling approximately 2,143 square feet and is zoned R6. As-of-right residential development permits approximately 4,714 zoning floor area, based on a 2.2 FAR. The site also presents meaningful upside through the Universal Affordability Preference (UAP) program, which may increase residential zoning floor area to approximately 8,357 square feet, subject to applicable program requirements and approvals. For developers pursuing alternative programming, the R6 district permits community facility development at a 4.8 FAR, supporting up to approximately 10,286 buildable square feet. This creates additional flexibility for a range of potential uses, including community, educational, medical, religious, or institutional facilities, as well as development strategies incorporating community-facility components where permitted.

Listing agent (MLS): Julio Garcia · Listing brokerage (MLS): Coldwell Banker Warburg

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,500,000

Beds

Beds n/a

Type

Land

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

2,139 sqft

Year

Year n/a

Neighborhood

Pacific St Parcel 01209-0013, Brooklyn, Ny 11216 (

Status

For Sale

Days on Market

33

· 8% down, 7% APR, 30yr fixed

Verified property data

Value, tax & last recorded sale

Public records available on the full property page

Estimated home value

Not available

Automated valuation estimate, not an appraisal. Value and range come from the connected property-data provider.

Public records are available on the full property page.

No record values are inferred or fabricated.

Full MLS property history

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Courtesy of Coldwell Banker Warburg