649 Pine St

649 Pine St. is situated in the East New York neighborhood of Brooklyn, a rapidly evolving residential submarket characterized by ongoing redevelopment, improving infrastructure, and increased private and public investment. The area features a predominantly residential streetscape with a mix of multifamily housing, local businesses, and emerging new development activity, supporting continued long-term growth. The location offers strong transit accessibility, with convenient access to the New Lots Avenue station (L train) and the Pennsylvania Avenue station (3 train), providing direct connectivity to Downtown Brooklyn and Manhattan. The surrounding neighborhood also includes a range of daily amenities, retail corridors, and community services, further enhancing its appeal for residential redevelopment and investment.Asset CRG Advisors, LLC has been exclusively retained to market 649 Pine St., a two-story, two-family building located in the East New York neighborhood of Brooklyn. The property sits on a 2,000 square foot lot with a two-story brick/masonry building that will be delivered vacant and in need of a full gut renovation, offering significant flexibility for repositioning, expansion, or redevelopment. Zoned R5, allowing for approximately 3,000 buildable SF as-of-right and approximately 1,400 SF of unused FAR, offering additional value through potential transfer to neighboring lots. The property features efficient lot dimensions and strong redevelopment potential in a neighborhood experiencing continued public and private investment and growth.