987 Pacific Street, Brooklyn, NY 11238

Property Description

This consolidated site offers a prime development opportunity, with the flexibility to combine the two lots into a single, larger zoning lot. This enables a more efficient, higher-yield development strategy, including the option to pursue either a boutique mixed-use condominium project or a larger-scale residential development with affordable housing. By merging the parcels, the project can fully leverage the total combined acreage and frontage under the applicable zoning, maximizing buildable potential and design efficiency. The property is surrounded by 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 just five blocks from the Barclays Center.