For sale, across from Pacific Park's southeast block, building for office/retail use ($8.7M)

A building across from the southeast block of Atlantic Yards/Pacific Park--where two residential (plus retail) towers are completed and the other two likely to be finished or make significant progress in two or three years--is now on sale for $8.7 million, positioned for office and retail use.

From Real Estate Weekly, 10/11/18:

TerraCRG has been retained to sell 646 Dean Street, an 18,800 s/f conversion opportunity in Prospect Heights. Ofer Cohen, Dan Marks, Daniel Lebor and Mike Hernandez, along with their investment sales team, are marketing the property. Located between Vanderbilt and Carlton Avenue, directly across the street from Pacific Park, the four-story, M1-1 zoned building can be delivered vacant. The location and zoning make the asset ideal for creative office and retail use.

Brooklyn-focused TerraCRG, by the way, is located just a few doors down, at 634 Dean Street.

The TerraCRG listing sets the price at $8.7 million:

TerraCRG has been retained to exclusively represent ownership in the sale of 646 Dean Street in Prospect Heights, Brooklyn. The offering represents a rare opportunity to acquire property in a neighborhood that is experiencing incredible growth with new residential and office developments on the rise.
Located between Vanderbilt and Carlton Avenue, the four-story, M1-1 zoned property is comprised of 17,600 gross SF and can be delivered vacant. The prime location and zoning make the asset ideal for an office or creative-use conversion.

The official Floor Area Ratio is 1, but given that the building there is four times the lot size, the property is well above the FAR.

In July, the property--stated as 642 Dean but with the same block and lot number in the TerraCRG listing--was sold by one company controlled by Bernard Sehr to another he controlled, with no sale price listed, according to city records, which also said the assessed value was $591,303.

Photo via TerraTRG

Also from the TerraCRG listing:

Over the last decade, Prospect Heights, situated between Park Slope and Crown Heights, has become one of NYC’s most popular neighborhoods to live and work in. With the world-renowned Barclays Center anchoring the neighborhood, and the completion and development of the Atlantic Terminal Mall, 461 Dean, 550 Vanderbilt, 470 Vanderbilt, and Pacific Park, the property is in the heart of thousands of new residential units and a plethora of retail activity.
Across the street, the Pacific Park development is a 6-billion-dollar project and when completed, will have 17 high rise buildings for residential, mixed-use, and office space spread over 22-acres.

Well, maybe 15 or 16 high-rise buildings.