$1,300,000
9 Bed • 3 Bath
846 Madison Street
Brooklyn, NY 11221
Listed with Century 21 Milestone Team Rlty
$1,500,000
Est. $7,658/moBrooklyn, NY 11216 · Brooklyn
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The vacant-land development opportunity in the heart of Crown Heights is positioned within one of Brooklyn’s most active and supply-constrained residential submarkets. The property comprises a 20’ x 107.17’ lot totaling approximately 2,143 square feet and is zoned R6. As-of-right residential development permits approximately 4,714 zoning floor area, based on a 2.2 FAR. The site also presents meaningful upside through the Universal Affordability Preference (UAP) program, which may increase residential zoning floor area to approximately 8,357 square feet, subject to applicable program requirements and approvals. For developers pursuing alternative programming, the R6 district permits community facility development at a 4.8 FAR, supporting up to approximately 10,286 buildable square feet. This creates additional flexibility for a range of potential uses, including community, educational, medical, religious, or institutional facilities, as well as development strategies incorporating community-facility components where permitted. Delivered vacant, the site eliminates demolition costs, tenant relocation issues, and other predevelopment complications commonly associated with infill opportunities in Central Brooklyn. A purchaser can move directly into architectural planning, zoning analysis, and DOB filing—supporting a more efficient path to construction. Crown Heights continues to benefit from durable rental and condominium demand, strong transit connectivity, and ongoing residential investment. Located moments from the Kingston–Throop Avenues A/C subway station, 1404A Pacific Street provides direct access to Downtown Brooklyn, Lower Manhattan, and the broader city. Its proximity to Prospect Park, Bedford-Stuyvesant, and the wider Central Brooklyn residential market further supports its appeal for multifamily, affordable-housing, mixed-use, or community-facility development strategies.
Listed with Coldwell Banker Warburg · William Yau · Source: OneKey MLS
Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Sep 17, 2026, 7:08 PM ET. ©2026 One Key MLS.
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Market Insights
Current Listings
New in the last 30 days
219
Sep 2026
Average Price
Active listings
$1,285,920
Sep 2026
Average Days on Market
Active listings
175 days
Sep 2026
Computed from 1,574 active OneKey MLS listings in Brooklyn, NY.
$1,300,000
9 Bed • 3 Bath
846 Madison Street
Brooklyn, NY 11221
Listed with Century 21 Milestone Team Rlty
$1,359,999
8 Bed • 4 Bath
666 Osborn Street
Brooklyn, NY 11212
Listed with 5 Boro Realty Corp
$1,499,000
4 Bed • 3 Bath
2485 E 7th Street
Brooklyn, NY 11235
Listed with RE/MAX City Square