647, 649, & 651 Pine St, Brooklyn, NY 11208

647, 649, & 651 Pine St. are situated in the East New York neighborhood of Brooklyn, a rapidly evolving residential submarket characterized by ongoing redevelopment, improving infrastructure, and increased private and public investment. The area features a predominantly residential streetscape with a mix of multifamily housing, local businesses, and emerging new development activity, supporting continued long-term growth. The location offers strong transit accessibility, with convenient access to the New Lots Avenue station (L train) and the Pennsylvania Avenue station (3 train), providing direct connectivity to Downtown Brooklyn and Manhattan. The surrounding neighborhood also includes a range of daily amenities, retail corridors, and community services, further enhancing its appeal for residential redevelopment and investment.Asset CRG Advisors, LLC has been exclusively retained to market 647, 649, & 651 Pine St., a development assemblage opportunity located in the East New York neighborhood of Brooklyn. The assemblage consists of three contiguous lots totaling approximately 6,000 square feet of combined lot area, including two vacant lots (each approximately 3,000 buildable square feet) along with a two-family building that will be delivered vacant and in need of a full gut renovation, providing a flexible footprint for repositioning or ground-up redevelopment. Zoned R5, the properties allow for approximately 6,000 buildable square feet, with an additional 1,400 square feet of unused FAR, presenting a compelling opportunity for residential development or expansion beyond the existing built condition. The assemblage benefits from efficient lot dimensions and strong redevelopment potential in a neighborhood experiencing continued public and private investment and growth.