987 Pacific Street, Brooklyn, NY 11238

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Property Description

This consolidated site offers a prime development opportunity, with the flexibility to combine the two lots into a single, larger zoning lot. This enables a more efficient, higher-yield development strategy, including the option to pursue either a boutique mixed-use condominium project or a larger-scale residential development with affordable housing.By merging the parcels, the project can fully leverage the total combined acreage and frontage under the applicable zoning, maximizing buildable potential and design efficiency.The property is surrounded by significant new residential growth, with over 1,000 recently completed apartments within a few blocks and more than 4,000 additional units in the pipeline. It also benefits from exceptional transit access, including multiple subway lines (A, C, J, M, Z, 2, 3, 4), the LIRR, and major bus routes, and is located just five blocks from the Barclays Center.

987 Pacific Street | MLS# 932031

This land located at 987 Pacific Street, Brooklyn, NY 11238 is currently listed for sale with an asking price of $6,500,000. The property has approximately 0.13 Acres. Pacific Street is located within the Contact Agent school district. Search Brooklyn real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Land - Commercial
Lot Size: 0.13 Acres
Taxes: $18,922

Feature Descriptions

Current Use: Commercial, Vacant
Days on Site: 194
Number Of Lots: 2
On Market Date: 2025-11-04
Parcel Number: 01125-0080, 01125-0081
Rental Term: Monthly
Sewer: Public Sewer

Local Schools

High School: Contact Agent
Middle School: New Heights Middle School
Elementary School: Brooklyn Arts And Science Elementary
School District: Contact Agent

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Estimated Payment

$ 17,938.85 per month $14,466.18 Principal & Interest $1,576.83 Property Tax $1,895.83 Homeowner's Insurance

Change Payment Information

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(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Century Homes Realty Group LLC
Agency Contact: 718-886-6800

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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