This is a trophy development opportunity in the coveted Crown Heights neighborhood of Brooklyn, just moments away from Prospect Park. This 15,735 SF corner gem boasts 3 sides of street frontage and carries R7-1 zoning with a C2-3 overlay, offering excellent scale and abundant development possibilities. As-of-right, a developer can build up to 75,528 ZFA by allocating a portion of the floor area toward community facility use. Future ownership will also include a retail component and leverage the site’s 354 feet of wrap-around street frontage. Foundation work has been completed, allowing the developer to take advantage of the new extended 421-a program and substantially reducing the development timeline. Current ownership is undergoing a ULURP process to secure a rezoning. Preliminary plans have been prepared for a one-of-a-kind 249,000 SF mixed-use project. Contact exclusive agents for additional information & due diligence. The immediate area is undergoing unprecedented transformation. A 328 unit mixed-use building just topped out on the adjacent lot .Across the street on both sides of the block, two other 7-story developments are in progress. The property benefits from proximity to Brooklyn’s Prospect Park and excellent connectivity by car or public transport. 2,5 trains are accessible 1 block away at Sterling Street, while the Prospect Park B Q station is minutes away with connection to the C train via the shuttle line. B43 and B44 buses stop within minutes of the property. Extremely rare opportunity to acquire a mixed-use site with a vast number of development possibilities and unparalleled scale, nestled on a tree-lined block in a neighborhood undergoing rapid transformation. Madison Estates Sotheby's International Realty - The Franzese Group and Revived Commercial have Co-Listed this property.
Price Information
Listing Price Info
Price Summary:
List Price: $43,000,000
Tax Information:
Annual Amount: $26,127
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Brooklyn, NY.
This property is $42.0M more than the Median Sold Price in Brooklyn, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #481740
Listing Office:
Office Name: MadisonEstates Sothebys Realty
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This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 5/20/2024, 10:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$26,127
$247,950
2019
$25,956
$247,950
2018
$55,479
$578,700
2017
$54,197
$565,650
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
PS 375 Jackie Robinson School
46 Mckeever Pl
Distance between this listing and this school0.45 miles
Public District Grades PK-5
9
/10
PS 397 Foster-Laurie
490 Fenimore St
Distance between this listing and this school0.49 miles
Public District Grades KG-5
4
/10
PS 241 Emma L Johnston
976 President St
Distance between this listing and this school0.57 miles
Public District Grades PK-5
Nearby Schools
5
/10
PS 161 The Crown
330 Crown St
Distance between this listing and this school0.11 miles
Public District Grades KG-8
5
/10
Middle School 61 Gladstone H Atwell
400 Empire Blvd
Distance between this listing and this school0.13 miles
Public District Grades 6-8
7
/10
Ebbets Field Middle School
46 Mckeever Pl
Distance between this listing and this school0.45 miles
Public District Grades 6-8
Nearby Schools
5
/10
Medgar Evers College Preparatory School
1186 Carroll St
Distance between this listing and this school0.14 miles
Public District Grades 6-12
1
/10
W E B Dubois Academic High School
402 Eastern Pkwy
Distance between this listing and this school0.39 miles
Public District Grades 9-12
5
/10
Brooklyn Institute For Liberal Arts
600 Kingston Ave
Distance between this listing and this school0.57 miles
The neighbors living near this home have an average income of $54,310. Most Brooklyn, NY residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 967 Nostrand Ave
What is the listing price of this property?
The listing price of 967 Nostrand Ave property is $43,000,000.
What type of property is this?
The property 967 Nostrand Ave is land located in Brooklyn, New York, 11225.
Is this property for sale now?
Active Listing: 967 Nostrand Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $26,127 (source: MLS/based on county public records data).
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This home is located at 967 Nostrand Ave in Brooklyn, NY and zip code 11225 in the Central Brooklyn neighborhood. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $43,000,000.
Over 25 listings were sold over their listed price in April 2024 in Brooklyn, NY. In the same period over 145 listings were sold below the listed price and 208 listings were sold for the listed price. The number of listings in Brooklyn, NY increased by 0.1% between March 2024 and April 2024. The median list price of listings available in April 2024 was $965,912, while the average time on the real estate market was 101 days.
From Rocket Homes Real Estate and based on county public records data.