Prime Corner Development For Sale

967 Nostrand Avenue is a fully entitled corner development site in Crown Heights, Brooklyn, four blocks from Prospect Park. The assemblage, Block 3253, Lots 4 and 41, totals 15,735 SF of land and fronts Nostrand Avenue, Montgomery Street and Clove Road, with approximately 354 feet of wrap-around frontage.

The site is zoned R7-1 with a C2-3 commercial overlay. Under the City of Yes Universal Affordability Preference, the zoning analysis supports up to 78,832 SF of zoning floor area, roughly 91 residential units over approximately 11,329 SF of ground-floor retail. The lot is vacant with foundation work completed, and the project is positioned for the 485-x tax incentive.

Next door at 975 Nostrand Avenue, Hudson Companies is delivering The Arcadian, a 328-unit mixed-use development. The offering memorandum is available on this page; the survey, full zoning analysis, plans and pro forma are available to qualified buyers. Pricing upon request.