Investment Overview

Marcus & Millichap has been retained exclusively by ownership to arrange the sale of 352 Pine Street, which is located at the intersection of Pine Street and South Conduit Boulevard in the East New York section of Brooklyn, NY. The subject property is a potential residential development site with R7A/C2-4 zoning, within a Mandatory Inclusionary Housing zone (MIH). The as-of-right FAR is 4.6, which allows for a development totaling 42,302 square feet. The 9,196 square foot lot is currently improved with a single-story industrial building built full on the lot. 352 Pine Street is located just 2 blocks from the Euclid Avenue “A” “C” subway station, making it an excellent location for potential residents utilizing public transportation across Brooklyn and to Manhattan. The property’s location on South Conduit Boulevard also offers good visibility and customer traffic to the development’s ground-floor retail space. Given the site’s location on the Brooklyn/Queens border, 352 Pine Street can also potentially attract a more diverse tenant base. 352 Pine Street offers developers the opportunity to purchase a well-situated residential development site that allows both ease of public transit use and neighborhood diversity, in a rapidly developing area of New York City.