991 Eastern Parkway
Multifamily | 39 Units
Marketing description
Asset CRG Advisors is pleased to present 991 Eastern Parkway, a 10,386 SF through-lot with 66 ft of frontage on Eastern Parkway and an additional 28 ft on Lincoln Place.
The property is partially improved, with foundation work done and the existing façade reinforced, allowing a developer to step in and save both time and construction costs.
Zoned R6, the site offers approximately 28,129 buildable SF as-of-right and up to 40,505 buildable SF under UAP, allowing for a project of roughly 59 residential units.
Located along Eastern Parkway near the Utica Avenue (2, 3, 4, 5) subway lines, the property benefits from strong visibility, accessibility, and continued development activity throughout Crown Heights.
This is a straightforward development opportunity with real scale, in-place work completed, and a clear path to execution in one of Brooklyn’s most active submarkets.
Investment highlights
Prime Eastern Parkway frontage with strong visibility and traffic.
Previously approved plans included three separate buildings totaling 39 condominium units.
Property is within walking distance of the Utica Avenue [2, 3, 4, 5] train station.
Up to ~59 residential units achievable under UAP program.
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