Brooklyn Development Opportunity For
987 Pacific Street Brooklyn, NY 11238
For Sale
$6,500,000
COMMERCIAL - Brooklyn, NY
Lot Size0.13 Acres
Days on Market264
Property Features for 987 Pacific Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 01125-0080, 01125-0081
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 18923
Utilities
- Sewer type
- Public Sewer
Listing Agency:
Century Homes Realty Group LLC
(718) 886-6800
Listed By:
Ben Lebouvich
(516) 265-2727
Added: Nov 4, 2025
Changed: May 12
Last Checked: Jul 26 at 8:06AM
MLS# 932031
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Investment Insights
Based on property information with market context.
This consolidated site in Brooklyn, NY, presents a development opportunity with the option to combine two lots into a single, larger zoning lot. This consolidation allows for a more efficient, higher-yield development strategy, including the option to pursue a boutique mixed-use condominium project or a larger-scale residential development with affordable housing. By merging the parcels, a project can fully leverage the total combined acreage and frontage under the applicable zoning, maximizing buildable potential and design efficiency. The property, with a lot size of 0.126 acres, is surrounded by new residential growth, with over 1,000 recently completed apartments within a few blocks and more than 4,000 additional units in the pipeline. It also benefits from transit access, including multiple subway lines (A, C, J, M, Z, 2, 3, 4), the LIRR, and major bus routes, and is located five blocks from the Barclays Center. The property is zoned for commercial and residential use.
Key Highlights
- Prime development opportunity with potential for high‑yield project.
- Flexibility to develop a boutique mixed‑use condominium or a larger residential development.
- Maximize buildable potential and design efficiency by merging the parcels.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Global Strongman Gym
Gym & Fitness Center
D and L Studio ...
Recording Studio
D&L Music Group
Recording Studio
Brown Bag Studio
Recording Studio
FAQs
What type of property is this?
Commercial land - Prime consolidated site near Barclays Center with significant development potential.
Where is this commercial land located?
The property is located at 987 Pacific Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Prime development opportunity with potential for high‑yield project.; Flexibility to develop a boutique mixed‑use condominium or a larger residential development.; Maximize buildable potential and design efficiency by merging the parcels.
