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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.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Development
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