Listed by Ariel Property Advisors
Unpriced
1227-1231 Pacific Street
Details
Property Type Retail, Mixed Use
Sub Type Commercial
Square Footage 22,671
Buildings 2
Lot Size (SqFt) 30,781
Zoning R6A / C6-3A;AAM
Ground Lease No
Development Opportunity | 181,317 BSF
Marketing description
A Dynamic & Connected Location: Located in one of Brooklyn’s most sought-after corridors, the Property is surrounded by the borough’s signature culture, nightlife, and green spaces. The site enjoys exceptional transit connectivity, which is provided by the A/C subway and LIRR stations at Nostrand Avenue, the C/S train at Franklin Avenue and the B44-SBS, B65, and B45 buses.
With its rare scale, landmark prestige, and the massive density afforded by the recent rezoning, 1227-1231 Pacific Street is a cornerstone opportunity in the ever-evolving Brooklyn landscape.
Investment highlights
- Ariel Property Advisors presents 1227-1231 Pacific Street, a unique and architecturally significant development opportunity at the nexus of Bed-Stuy and Crown Heights.
- Spanning 3 tax lots, the Property is a 30,781 square foot block-through parcel with 189.75’ of frontage along Pacific Street and 119.67’ feet of frontage along Atlantic Avenue between Bedford Nostrand Avenues.
- The site consists of two existing buildings totaling approximately 22,671 square feet, including a vacant church designated as an NYC Individual Landmark by the Landmarks Preservation Commission, as well as a third building that is slated for demolition and effectively represents a vacant development parcel. Notably the buildings on lot 72 and lot 80 are not subject to landmark designations.
- Premier Development Potential: Following the 2025 approval of the Atlantic Avenue Mixed-Use Plan (AAMUP) rezoning, the Property’s potential has been dramatically unlocked. It now offers approximately 181,317 buildable square feet as-of-right, allowing for:
- Mixed-Use Flexibility: Suitable for high-density residential, commercial, or community facility projects.
- Flexible Execution: The scale of the site allows developers to pursue one massive flagship development or a curated combination of smaller, phased projects.
- Strategic Air Rights: Under the “City of Yes” initiative, development rights from lot 16 only can be transferred to eligible receiving sites on the surrounding blocks, providing a path to value realization beyond the physical footprint.
Listing Contacts
Listed by Ariel Property Advisors
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