A rare Brooklyn development and investment sales opportunity located in the rapidly evolving Ocean Hill corridor.

This property is positioned for developers, investors, and end users seeking a value-add or ground-up development site in one of Brooklyn’s most active growth markets.

Sellers and buyers searching for a Brooklyn real estate broker, investment property, or development site will recognize the flexibility and upside immediately.

The property features a 32 x 107 ft lot zoned R6 with approximately 7,659 buildable square feet, offering strong redevelopment potential in a high-demand submarket.

Delivered fully vacant, allowing immediate execution of any strategy:

• Renovate & Rent: Existing 1,998 sq ft two-family (6 beds / 3 baths) suitable for updated rental repositioning in a high-demand corridor.
• Condo Conversion: Reconfigure into high-end residential units for resale in a tightening Brooklyn condo market.
• Ground-Up Development: Maximize zoning potential with a new multifamily or boutique residential building.
• Assemblage Opportunity: Combine with adjacent parcels for larger scale development potential.

Positioned near major transit lines including A, C, J, Z, and L trains and Broadway Junction, the site offers fast connectivity to Manhattan, Downtown Brooklyn, and JFK.

Surrounded by Bed-Stuy, Crown Heights, and Bushwick expansion, this location sits at the center of Brooklyn’s next wave of residential growth.

Priced at $950,000, the asset reflects approximately $124 per buildable square foot, creating strong upside relative to nearby development trades.

Key Property Metrics

Investment & Market Overview

2226 Pacific Street is a strategically located Brooklyn investment property offering strong development fundamentals in Ocean Hill, one of the borough’s fastest appreciating submarkets.

The property combines zoning flexibility, strong lot dimensions, and immediate vacant delivery, making it highly attractive for both local and institutional buyers searching Brooklyn investment sales opportunities or development sites.

Location Strength – Ocean Hill, Brooklyn

Ocean Hill continues to benefit from spillover demand from Bed-Stuy, Bushwick, and Crown Heights.

• Direct transit access to Manhattan and JFK via multiple subway lines
• Active retail expansion along Fulton Street, Broadway, and Atlantic Avenue
• Ongoing large-scale redevelopment and infrastructure investment
• Strong rental demand driven by affordability relative to adjacent neighborhoods

Investment Strategies

• Renovate & Rent: Stabilize as an income producing asset in a growing rental market.
• Condo Conversion: Target resale demand in emerging Brooklyn condo submarkets.
• Ground-Up Development: Fully utilize 7,659 buildable square feet under R6 zoning.
• Assemblage Strategy: Expand footprint through adjacent acquisitions.

Financial Highlights

Asking Price: $950,000
Buildable Square Feet: 7,659
Price Per Buildable SF: Approximately $124

This pricing reflects a compelling entry point compared to nearby Brooklyn development trades and reinforces long-term value potential in a supply-constrained market.

Work With a Brooklyn Real Estate Broker

This is a rare vacant development opportunity in the heart of Ocean Hill with strong zoning, transit access, and multiple exit strategies.

Ideal for developers, investors, and sellers looking to position their property through a top Brooklyn real estate broker specializing in investment sales and development sites.

Contact Mendy Realty
Me***@*********ty.com | 646-662-5454