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TerraCRG Markets Crown Heights Development Assemblage
TerraCRG has been retained exclusively to sell 701 Prospect Pl., a five-lot development assemblage in Crown Heights, Brooklyn. Partner Daniel Lebor is marketing the property alongside associate Andrew Manasia.
The five fully demolished and vacant lots (1415 Bedford Ave. and 699-705 Prospect Pl.) total approximately 5,941 square feet and have a total wrap-around frontage of 105 feet, with 25 feet on Bedford Avenue and 80 feet across Prospect Place. Current zoning allows an aggregate of 17,824 buildable square feet on the site.
“Having frontage on both Bedford Avenue, a busy retail corridor, and Prospect Place, a tree-lined residential block, the site affords the developer the ability to get creative with the design and bring a well-positioned project to the already trending Crown Heights neighborhood,” said Manasia. “With the right vision, the new building will showcase the next wave of development in this highly sought-after submarket.”
- ◦Sale/Acquisition
- ◦Development

