Development Site at 647 & 651 Pine Street Listed by CRG Advisors

Asset CRG Advisors, LLC, has been exclusively retained to market 647 Pine Street and 651 Pine Street, two development opportunities located in the East New York neighborhood of Brooklyn. The properties consist of two separate vacant lots totaling approximately 4,000 square feet, offering clean sites for ground-up residential development in one of Brooklyn’s steadily evolving neighborhoods. 

Each property is zoned R5 and contains approximately 2,000 square feet of lot area. Together, the sites allow for approximately 6,000 buildable square feet under Standard zoning and up to 6,600 buildable square feet within the Predominantly Built-up Area (PBA). 

The properties are well-positioned to benefit from East New York’s continued public and private investment, presenting an excellent opportunity for developers seeking long-term value in a growing Brooklyn market.