Big Crown Heights Lot Sells for $3.5 Million

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We can already imagine a condo-filled future for a large lot that sold last week in eastern Crown Heights. The big property with a small apartment building at 906 Prospect Place changed hands for $3,500,000, according to public records.

The 10,000-square-foot piece of land between New York and Brooklyn avenues could accommodate a bigger residential building up to six stories tall with 24,349 square feet of space. The developer and signer on the mortgage is Jeffrey Gershon, who’s also building projects at 190 South 6th Street in Williamsburg and at 22-22 Jackson Avenue next to 5Pointz in Long Island City.

The lot currently has a two-story building measuring 40 by 45 feet that we’re guessing will be demolished, but no demo permits have been filed yet. Interestingly, the property, which had a lis pendens, sold for over twice its asking price of $1,450,000GMAP

Photo by Gregg Snodgrass for PropertyShark

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