Closed 04/29/2015

~16,985 BSF Proposed Residential Development Site

653 Bergen Street

Prospect Heights

Closed 04/29/2015 at
$4,789,400

Proposed Building SF 16,985
Proposed Cellar Loss Factor SF 1,530
Proposed Net Sellable SF 14,803
Zoning c1-4/R7A/R6
Lot Size 5,834 SF
Cross Streets Vanderbilt Avenue & Underhill Avenue
Subways
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c
d
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Other Transportation
Long Island Rail Road
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Development 653 Bergen Street, Prospect Heights
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Ofer Cohen
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Details

Block 1138
Lot 77
Lot Size 40 ft x 110 ft
Building Class F9
FAR 2.2-4.0

Overview

TerraCRG has been retained to sell the development site located at 653 Bergen Street in Prospect Heights.

The site is located on Bergen Street, just off Vanderbilt Avenue. The proposed plans call for 16,985 SF of residential condos, configured as seven 4-bedroom, luxury, floor-through residences.

In a market that is driven by demand for large, family-style units, the site provides a unique opportunity to build a high-end boutique building that is going to stand out in an area crowded by large projects.

Attractions

Prospect Heights has seen tremendous transformation over the last decade. In just the past few years, the area has seen luxury condo developments, strong retail and a robust brownstone sales market that is rivaling neighboring Park Slope with some brownstones fetching over $1,000/SF.

Pacific Park
Brooklyn Botanic Garden
The Brooklyn Museum

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