708 Monroe St

Located in the heart of Bedford-Stuyvesant, 708 Monroe Street offers residents a vibrant Brooklyn lifestyle surrounded by a mix of historic brownstones, trendy cafés, and neighborhood amenities. The property enjoys excellent access to public transportation, with the Gates Avenue [J, Z] Subway Station and Halsey Street [J] Station nearby, providing a quick commute to Downtown Brooklyn and Manhattan. The area is also close to popular dining spots, local shops, and community parks, offering a perfect blend of convenience and neighborhood charm.Asset CRG Advisors is pleased to present a prime development opportunity at 708 Monroe Street in Bedford-Stuyvesant, Brooklyn. This 2,042 SF lot offers 4,084 buildable square feet, with potential to expand up to 4,901 BSF under the City of Yes zoning initiative. The property comes with approved plans for a six-unit residential building, and its foundation is already approximately 85% complete, allowing a new owner to begin vertical construction quickly and efficiently. The estimated cost to complete the project is approximately $1,000,000, providing a clear and defined path to project delivery. Located in a thriving residential pocket of Bedford-Stuyvesant, the site provides convenient access to the Utica Avenue [A, C] and Gates Avenue [J, Z] Subway Stations. The surrounding area is home to a strong mix of national and local retailers, including McDonald’s, Dunkin’, Walgreens, and Bravo Supermarkets, offering future residents excellent amenities in one of Brooklyn’s most dynamic and evolving neighborhoods.