Consolidation Development Land
For Sale
$6,500,000
987 Pacific Street, Brooklyn, NY 11238
Two adjacent lots can be consolidated for flexible residential or mixed-use development near major transit and Barclays Center.
Property SizeContact for details
Days on Market77
Property Features for 987 Pacific Street
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
Century Homes Realty Group LLC
(718) 755-6515
Listed By:
Ben Lebouvich (benrealestateny@gmail.com)
(516) 265-2727
Source:
Johnedwardsrealestate
Added: Jun 25
Changed: Sep 8
Last Checked: Aug 25 at 10:02AM
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 Century Homes Realty Group LLC
Investment Insights
Based on property information with market context.
This consolidated land offering includes two lots that can be combined into a single, larger zoning lot. The assemblage provides flexibility for an operator to pursue either a boutique mixed-use condominium project or a larger-scale residential development that includes affordable housing, depending on how the parcels are configured under the applicable zoning.
The site is in an area experiencing significant 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 exceptional transit access, including multiple subway lines (A, C, J, M, Z, 2, 3, 4), the LIRR, and major bus routes, and is located about five blocks from Barclays Center.
For developers and investors, the key advantage is the ability to control parcel configuration and plan design efficiency by consolidating the lots. That flexibility can support a range of build concepts aligned with the property’s applicable zoning, while leveraging the surrounding residential momentum and transit accessibility that serve both residents and visitors.
The site is in an area experiencing significant 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 exceptional transit access, including multiple subway lines (A, C, J, M, Z, 2, 3, 4), the LIRR, and major bus routes, and is located about five blocks from Barclays Center.
For developers and investors, the key advantage is the ability to control parcel configuration and plan design efficiency by consolidating the lots. That flexibility can support a range of build concepts aligned with the property’s applicable zoning, while leveraging the surrounding residential momentum and transit accessibility that serve both residents and visitors.
Key Highlights
- Two adjacent lots can be consolidated into a single, larger zoning lot for more efficient development planning.
- Project flexibility includes a boutique mixed‑use condominium option or a larger‑scale residential development with affordable housing (subject to applicable zoning).
- Property is near major transit, with multiple subway lines (A, C, J, M, Z, 2, 3, 4), the LIRR, and major bus routes.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,230
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two adjacent lots can be consolidated for flexible residential or mixed-use development near major transit and Barclays Center.
Where is this residential land & home lot 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: Two adjacent lots can be consolidated into a single, larger zoning lot for more efficient development planning.; Project flexibility includes a boutique mixed‑use condominium option or a larger‑scale residential development with affordable housing (subject to applicable zoning).; Property is near major transit, with multiple subway lines (A, C, J, M, Z, 2, 3, 4), the LIRR, and major bus routes.
