Now As of Right with CITY OF YES!
NOW AS OF RIGHT WITH CITY OF YES!!
Marketing description
Schuckman Realty Inc. is excited to bring to market 786 Park Place in Crown Heights, Brooklyn.
This development site is located in a historic and diverse neighborhood known for its charming brownstones and vibrant community. Crown Heights blends cultural heritage with modern living, offering great access to amenities and public transportation. Situated just off Nostrand Avenue and two blocks from Franklin Avenue, the location is both convenient and highly desirable.
The property is a 25-foot-wide, irregularly shaped lot with the foundation, basement, first, and second floors already completed. Originally planned as a six-story, six-unit condominium building—including one duplex two-bedroom and five additional two-bedroom units—the site now benefits from the City of Yes zoning changes, allowing it to be built as-of-right.
This project presents developers with flexibility: move forward with the original condo plans (available for review upon request), or reposition it as a 421a-eligible rental project.
Asking Price: $1,200,000
Price per BSF: $226
Investment highlights
📍 Prime Crown Heights Location
Just off Nostrand Avenue
Two blocks from Franklin Avenue
Surrounded by classic brownstones and a vibrant, growing community
🏗️ Partially Built Development
Foundation, basement, first, and second floors already completed
25-foot-wide irregularly shaped lot
📄 Plans (Available Upon Request)
Six-story, six-unit condominium building
Includes one duplex 2-bedroom and five 2-bedroom units
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