1084 Pacific St Brooklyn, NY 11238

This exceptional 12,380 square foot residential development site presents a remarkable opportunity in the heart of Brooklyn, New York. Located at 1084 Pacific Street, in Kings County, zip code 11238, this property is zoned for residential construction, offering significant potential for luxury apartment development. The asking price is $12,000,000, translating to a land value of $242 per square foot. Recent comparable sales in the immediate vicinity (within a five-block radius) include 1050 Pacific St (7/31/2023 sale of $26,000,000), 1048 Pacific St (2/15/2022 sale of $3,643,438), 951 Dean St (4/14/2022 sale of $2,500,000), 953 Dean St - 643 Classon St (12/21/2021 sale of $4,730,000), and 527 Grand Ave-956 Pacific St (12/27/2021 sale of $5,250,000). These sales demonstrate strong market demand and support the property's asking price. The site's prime location, just two blocks from Fort Greene and five blocks from Prospect Heights, places it within easy reach of vibrant Franklin Avenue and offers excellent access to public transportation and amenities. This 1031 exchange eligible property is ready for an investor to capitalize on the thriving North Brooklyn real estate market.