This offering presents a 46,894 BSF mixed-use development opportunity in the vibrant Crown Heights neighborhood of Brooklyn. Positioned on a 12,024 SF lot with 99.92 feet of frontage along St. Johns Place, the site provides exceptional flexibility for efficient building design. Zoned R6 and situated within a high-demand, low-inventory market, this property offers investors a chance to capitalize on one of Brooklyn’s most dynamic residential corridors.
The asset is currently improved by a two-story, 10,560 SF building occupied by the U.S. Post Office on a month-to-month basis, providing holding income during the redevelopment process. Surrounding developments have demonstrated robust rental growth, with new projects achieving premium rates above $70/SF. Connectivity is unmatched with a perfect 100 Transit Score and proximity to the 2, 3, 4, and 5 subway lines, Citi Bike access, and major thoroughfares, ensuring ease of access for residents and businesses alike.