Investment Highlights

Ariel Property Advisors presents 1227-1231 Pacific Street, a unique and architecturally significant development opportunity at the nexus of Bed-Stuy and Crown Heights.

Spanning 3 tax lots, the Property is a 30,781 square foot block-through parcel with 189.75’ of frontage along Pacific Street and 119.67’ feet of frontage along Atlantic Avenue between Bedford Nostrand Avenues.

The site consists of two existing buildings totaling approximately 22,671 square feet, including a vacant church designated as an NYC Individual Landmark by the Landmarks Preservation Commission, as well as a third building that is slated for demolition and effectively represents a vacant development parcel. Notably the buildings on lot 72 and lot 80 are not subject to landmark designations.

Premier Development Potential
Following the 2025 approval of the Atlantic Avenue Mixed-Use Plan (AAMUP) rezoning, the Property’s potential has been dramatically unlocked. It now offers approximately 181,317 buildable square feet as-of-right, allowing for:

• Mixed-Use Flexibility: Suitable for high-density residential, commercial, or community facility projects.
• Flexible Execution: The scale of the site allows developers to pursue one massive flagship development or a curated combination of smaller, phased projects.
• Strategic Air Rights: Under the “City of Yes” initiative, development rights from lot 16 only can be transferred to eligible receiving sites on the surrounding blocks, providing a path to value realization beyond the physical footprint.

A Dynamic & Connected Location
Located in one of Brooklyn’s most sought-after corridors, the Property is surrounded by the borough’s signature culture, nightlife, and green spaces. The site enjoys exceptional transit connectivity, which is provided by the A/C subway and LIRR stations at Nostrand Avenue, the C/S train at Franklin Avenue and the B44-SBS, B65, and B45 buses.

With its rare scale, landmark prestige, and the massive density afforded by the recent rezoning, 1227-1231 Pacific Street is a cornerstone opportunity in the ever-evolving Brooklyn landscape.