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Mixed-Use Land for Sale in Brooklyn, New York

987 Pacific St, Brooklyn, NY 11238

$6,500,000
0.13 acres
Active sale
$300k drop
Est $45,395/mo

This consolidated site offers a prime development opportunity, with the flexibility to combine the two lots into a single, larger zoning lot. This enables a more efficient, higher-yield development strategy, including the option to pursue either a boutique mixed-use condominium project or a larger-scale residential development with affordable housing. By merging the parcels, the project can fully leverage the total combined acreage and frontage under the applicable zoning, maximizing buildable potential and design efficiency. The property is surrounded by significant new residential growth, with over 1,000 recently completed apartments within a few blocks and more than 4,000 additional units in the pipeline. It also benefits from exceptional transit access, including multiple subway lines (A, C, J, M, Z, 2, 3, 4), the LIRR, and major bus routes, and is located just five blocks from the Barclays Center.

Location

Street address
987 Pacific St
School district
Brooklyn 17
Elevation
89 feet
Coordinates
40.6798, -73.9611

Property details

Lot size
0.126 acres5,489 sq ft
MLS #
MLSLI 932031
Posted

Property taxes

2024
$18,923

Parcels

  • 01125-0080
  • 01125-0081

Details and features

Listing

Type
Commercial Sale
Franchise
EXIT Realty

Structure

Sewer
Public Sewer

Nearby schools

NameTypeDistrict
Brooklyn Arts and Science ElementaryElementaryBrooklyn 17
New Heights Middle SchoolMiddleBrooklyn 17
Contact AgentHighContact Agent

Listing history

DateEventPriceChangeSource
Feb 5, 2026Relisted$6,500,000MLSLI
Feb 5, 2026Listing removed$6,500,000Listing agent
Dec 21, 2025Price drop$6,500,000$300,000 -4.4%MLSLI
Nov 20, 2025Price increase$6,800,000$450,000 7.1%MLSLI
Nov 6, 2025Price drop$6,350,000$450,000 -6.6%MLSLI
Nov 5, 2025New listing$6,800,000MLSLI
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This 0.126-acre property is located at 987 Pacific St in Brooklyn, NY 11238. The property is available for sale for $6,500,000.

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