521 Empire Boulevard

For Sale

521 Empire Boulevard, New York, NY 11225

This New York property for sale is located at 521 Empire Boulevard. Contact the listing broker for details on the current sale price for 521 Empire Boulevard. 521 Empire Boulevard is situated on a lot that is 3.77 acre in size.

Contacts

broker
Bob Knakal

BKREA

Property Details

  • Property Type VacantLand
  • Lot Size 3.77 Acre
  • Date Updated Mar 3, 2025
BKREA & Revived Commercial have been retained exclusively to arrange for the sale of 521-547 Empire Boulevard ("The Site"), an exceptional development opportunity in the heart of Crown Heights, Brooklyn. The site is located on Empire Blvd, between Brooklyn Avenue and Kingston Avenue; 5 blocks east of Prospect Park. The development features four tax lots totaling 240' of frontage along Empire Blvd which is zoned R7A/C2-4. This zoning and prime location present developers with an opportunity to capitalize on the strong demand for residential/mixed-use developments driven by the proximity to Prospect Park, the 2/5 Subway stations, and top tourist attractions such as the Barclay’s Center, the Brooklyn Museum and the Brooklyn Botanic Gardens. The site consists of four tax lots, 66,74,75 & 78 located on block 1311. Currently, there is a grocery store on the site paying $650,000 a year until the end of 2026. The site allows for approximately 164,211 buildable square feet (BSF), consisting of 144,211 BSF of residential space, with the opportunity to gain an additional 20,000 BSF using the Fresh Food Store bonus. Incorporating a Fresh Food Store on the site qualifies the project for this incentive, increasing residential floor area while also improving community access to healthy food options. This added benefit enhances both the project's value and its positive impact on the surrounding neighborhood, making it an exceptional development opportunity. The subject presents an exceptional opportunity for developers to capitalize on the strong fundamentals within the Brooklyn housing market as rents in new construction buildings are averaging $60/SF. The site, located outside “Zone A” and “Zone B,” qualifies for the 485X tax abatement and is exempt from restrictive Construction Wage Requirements, with full exemption for projects under 100 rental units.BKREA & Revived Commercial have been retained exclusively to arrange for the sale of 521-547 Empire Boulevard ("The Site"), an exceptional development opportunity in the heart of Crown Heights, Brooklyn. The site is located on Empire Blvd, between Brooklyn Avenue and Kingston Avenue; 5 blocks east of Prospect Park. The development features four tax lots totaling 240' of frontage along Empire Blvd which is zoned R7A/C2-4. This zoning and prime location present developers with an opportunity to capitalize on the strong demand for residential/mixed-use developments driven by the proximity to Prospect Park, the 2/5 Subway stations, and top tourist attractions such as the Barclay’s Center, the Brooklyn Museum and the Brooklyn Botanic Gardens. The site consists of four tax lots, 66,74,75 & 78 located on block 1311. Currently, there is a grocery store on the site paying $650,000 a year until the end of 2026. The site allows for approximately 164,211 buildable square feet (BSF), consisting of 144,211 BSF of residential space, with the opportunity to gain an additional 20,000 BSF using the Fresh Food Store bonus. Incorporating a Fresh Food Store on the site qualifies the project for this incentive, increasing residential floor area while also improving community access to healthy food options. This added benefit enhances both the project's value and its positive impact on the surrounding neighborhood, making it an exceptional development opportunity. The subject presents an exceptional opportunity for developers to capitalize on the strong fundamentals within the Brooklyn housing market as rents in new construction buildings are averaging $60/SF. The site, located outside “Zone A” and “Zone B,” qualifies for the 485X tax abatement and is exempt from restrictive Construction Wage Requirements, with full exemption for projects under 100 rental units.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Flexible Zoning Opportunity - The favorable R7A/C2-4 allows residential, commercial, and Universal Affordability Preference enabling the execution of a variety of business plans.
  • Development Cost - Off Set - The subject is currently leased and generating $650,000 in annual NOI until December 2026; allowing a developer to get all his plans approved while collecting income to off-set his upfront costs.
  • Coveted Location - The subject is ideally located in the heart of Crown Heights, which is one of the most desirable neighborhoods in Brooklyn.
  • Advantageous Accessibility - The site is a 5-minute walk to both the President Street and Sterling Avenue 2/5 Subway Stations.

Getting around

  • 90/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 78/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City New York, NY
  • Neighborhood Crown Heights
  • Zip Code 11225
  • Market Brooklyn

Points of Interest

  • Norwood Car & Limo

    0.34 miles

  • Kingston Avenue

    0.37 miles

  • Crown Heights–Utica Avenue

    0.78 miles

  • Franklin Avenue

    0.81 miles

  • Nostrand Avenue Station Entrance

    0.96 miles

  • Kingston–Throop Avenues

    1.09 miles

  • Eastern Parkway - Brooklyn Museum

    1.14 miles

  • Eastern Parkway–Brooklyn Museum

    1.14 miles

  • International Car Service

    1.41 miles

  • Beverley Road

    1.75 miles

  • Mobil

    0.19 miles

  • BP

    0.49 miles

  • Amoco

    0.73 miles

  • Xpress Lane

    0.93 miles

  • Tesla Supercharger

    1.02 miles

  • Shell

    1.09 miles

  • Speedway

    1.16 miles

  • EVgo

    1.80 miles

  • plugNYC

    2.03 miles

  • Revel

    2.43 miles

  • Kings County Parking Garage

    0.60 miles

  • The Brooklyn Museum and Botanic Garden

    1.10 miles

  • Underhill Garage

    1.41 miles

  • Rapid Park

    1.52 miles

  • Cielo Garage

    1.69 miles

  • Garfield Garage

    1.80 miles

  • Car Park Systems

    1.87 miles

  • Ultra Car Park Systems

    1.94 miles

  • Pathmark

    2.00 miles

  • Havens Place Lot

    2.31 miles

  • The Brooklyn Riviera Hostel

    0.76 miles

  • Mirage Brooklyn

    0.93 miles

  • La Quinta

    1.03 miles

  • The Brooklyn Hotel

    1.05 miles

  • Brooklyn Vybe Hotel, Ascend Hotel Collection

    1.46 miles

  • Days Inn

    1.76 miles

  • Illumination Bed & Breakfast

    1.80 miles

  • Surface Inn

    1.91 miles

  • Artel 535

    2.12 miles

  • Marina Hotel

    2.12 miles

  • Ideal Food Basket

    0.54 miles

  • MET

    0.59 miles

  • Union Market

    0.68 miles

  • Shop Fair Supermarket

    0.74 miles

  • Western Beef

    0.76 miles

  • Key Food Urban Market

    0.76 miles

  • Food Town

    0.77 miles

  • Bob & Betty's Food Market

    0.80 miles

  • Target

    1.25 miles

  • Sears

    1.44 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Bob Knakal

BKREA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.