548-552 E New York Ave Development

Details

The Crown Development Opportunity

548-552 East New York Avenue, Brooklyn, NY 11225

A Premier Residential Development in the Heart of Crown Heights

Introducing The Crown Development Opportunity – an exceptional chance to acquire a prime, 8,190 sq. ft. development site ideally positioned in the thriving Crown Heights neighborhood of Brooklyn. This premier offering presents a clear path to construct a 7-story, 24,570 buildable square foot residential building featuring 34-40 modern residences.

The site’s 91-foot combined frontage and 90-foot depth create a superior development canvas, allowing for efficient floor plates, abundant light, and distinctive curb appeal. Investors can purchase the entire site or acquire individual lots for flexible development strategies.

Investment Highlights

• Total Buildable Area: 24,570 SF

• Lot Size: 8,190 SF (Combined)

• Proposed Units: 34 to 40

• Zoning District: R6 (Wide Street)

• FAR: 3.0 under Quality Housing Program

• Maximum Height: 70 Feet / 7 Stories

• Bonus Amenity Space: 8,190 SF Cellar

Offering Details

Combined Acquisition
Purchase both lots (548-552 East New York Avenue) for a streamlined project.
Asking Price: $5,500,000

Individual Lots:

• 548 E New York Ave (60×90 Lot): $3,500,000

• 552 E New York Ave (31×90 Lot): $2,000,000

Architectural Vision

Designed as a landmark project in Brooklyn, the proposed building will showcase a sophisticated mix of dark brick, expansive glass windows, and modern balconies. The residences are envisioned with open layouts, floor-to-ceiling windows, designer finishes, and integrated smart home technology – setting a new standard for boutique luxury living in Crown Heights.

Curated Lifestyle Amenities

Residents will enjoy an elevated living experience featuring:

• Wellness Hub (Cellar): Modern fitness center, yoga studio, bike storage, and pet spa.

• Work & Social Lounge: Co-working space with private pods and automated package system.

• Sky Lounge (Rooftop): Landscaped roof terrace with panoramic views, outdoor kitchen, and fire pit lounges.

Location

Perfectly positioned between Prospect Lefferts Gardens and Crown Heights, The Crown Development Opportunity is surrounded by premier retail, dining, and culture. Steps from Prospect Park, the Brooklyn Botanic Garden, and major transit lines (2, 3, 4, 5 trains), the property offers unmatched connectivity and lifestyle appeal.

This area continues to see strong rental and condo demand, driven by ongoing neighborhood growth and limited new supply – making this a strategic acquisition for forward-thinking developers.

Contact

For inquiries and access to the full due diligence package:
📞 Mendy Lipkser   646-662-5454
📧 Mendy@MendyRealty.com
🌐 www.MendyRealty.com
📍 Mendy Realty | Crown Heights, Brooklyn