Atlantic Avenue Mixed-Use Development
For Sale
$6,000,000
1027 Atlantic Avenue, Brooklyn, NY 11238
Development site in Bedford-Stuyvesant with high-density zoning.
Property Size2,975 SF
Lot Size0.07 Acres
Price / SF$2,016
Days on Market213
Property Features for 1027 Atlantic Avenue
General Information
Standard status
Active
Size
2,975 SF
Lot size
0.07 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,100
Building Details
Year Built
1930
Listing Agency:
Park Slope
Listed By:
Dwayne Powell · License #40PO1142742
(917) 309-2414
Source:
Corcoran
Added: Mar 27
Changed: Oct 23
Last Checked: Oct 24 at 5:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Park Slope
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Investment Insights
Based on property information with market context.
Located in the heart of Bedford-Stuyvesant, 1027 Atlantic Avenue is a residential mixed-use development site situated along the rapidly evolving Atlantic Avenue corridor. The property is located between Classon Avenue and Franklin Avenue, at the intersection of Bedford-Stuyvesant, Crown Heights, and Prospect Heights. The site benefits from transportation access, an expanding residential base, and continued mixed-use redevelopment along Atlantic Avenue. The property consists of a 25 ft x 119 ft lot totaling 2,975 sqft, improved with a single-story 2,975 sqft G2-class structure that will be delivered vacant. Zoned C6-3A / R9A (AAM) (MIH), the property benefits from a 9.02 FAR, allowing for up to 26,835 ZFA. This zoning permits residential, commercial, and community facility uses, offering flexibility for a luxury rental development, condominium project, mixed-use asset with ground-floor retail, or a flagship end-user opportunity. Atlantic Avenue is evolving into a mixed-use corridor, supported by rezoning initiatives, institutional capital investment, and sustained residential demand. Bedford-Stuyvesant has experienced growth, driven by infrastructure improvements, retail expansion, and migration from Brooklyn and Manhattan. The surrounding area benefits from proximity to Franklin Avenue’s retail corridor and convenient access to multiple subway lines servicing Brooklyn and Manhattan. This location represents an opportunity to capitalize on one of Brooklyn’s active corridors.
Key Highlights
- High‑density zoning (9.02 FAR) allows for up to 26,835 ZFA, offering significant development potential.
- Prime location on rapidly evolving Atlantic Avenue in Bedford‑Stuyvesant, at the intersection of Crown Heights and Prospect Heights.
- Flexible C6‑3A / R9A (AAM) (MIH) zoning permits residential, commercial, and community facility uses.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
6,088
Businesses Nearby
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Business Placement
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Development site in Bedford-Stuyvesant with high-density zoning.
Where is this commercial land located?
The property is located at 1027 Atlantic Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: High‑density zoning (9.02 FAR) allows for up to **26,835 ZFA**, offering significant development potential.; Prime location on rapidly evolving Atlantic Avenue in Bedford‑Stuyvesant, at the intersection of Crown Heights and Prospect Heights.; Flexible C6‑3A / R9A (AAM) (MIH) zoning permits residential, commercial, and community facility uses.
