Property Description

Location DetailsLocated on Pacific Street between 1406 and 1404 Pacific Street respectively within the landmarked Crown Heights North Historic District.Close proximity to the Kingston Avenue subway station (A/C lines).Walk Score: 95, Transit Score: 100.Site SpecificationsLot Size: 2,143 square feet.Delivered vacant with no existing structure.Zoning: R6.As-of-right buildable area: approximately 4,714 square feet (2.20 FAR).Development PlansUniversal Affordability Preference (UAP) allows increase to 8,357 buildable square feet (3.90 FAR).City of Yes provisions enable up to 10,286 square feet (4.80 FAR).Residential density optimization possibleNeighborhood Demand DriversCrown Heights is a rapidly growing and highly desirable Brooklyn neighborhood.Condo median asking price: $1.175 million (2025), up 2.3% year-over-year.New development pricing: $1,301 per square foot, up 23.5% quarter-over-quarter.Median rents: $3,150, reflecting strong and sustained rental demand.Continued absorption of high-quality residential product supports new development.The property, Parcel B - 1209 L - 0013, '1406-A comprises a 20' x 107.17' lot totaling approximately 2,143 square feet and is zoned R6. As-of-right residential development permits approximately 4,714 zoning floor area, based on a 2.2 FAR. The site also presents meaningful upside through the Universal Affordability Preference (UAP) program, which may increase residential zoning floor area to approximately 8,357 square feet, subject to applicable program requirements and approvals.For developers pursuing alternative programming, the R6 district permits community facility development at a 4.8 FAR, supporting up to approximately 10,286 buildable square feet. This creates additional flexibility for a range of potential uses, including community, educational, medical, religious, or institutional facilities, as well as development strategies incorporating community-facility components where permitted.

Property Features

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