A 21,929-square-foot development site at the corner of Franklin and Dean in northern Crown Heights is for sale for $18,000,000, according to the listing, which is with TerraCRG. Thanks to last week’s rezoning of Crown Heights, a developer could potentially build a residential complex here of as much as 100,875 square feet.
The site has several addresses but is primarily known as 608-614 Franklin or 1046 Dean. The property, which includes four buildings and is attached to the old Nassau Brewery complex on Bergen Street, has 141 feet of frontage on Franklin and 154 feet of frontage on Dean. The five buildings between Dean and Bergen are currently one large parcel of land that includes the 164-year-old brewery building.
But owner Fabian Friedland chose to sell the northern part of the lot on Dean and keep the brewery building on Bergen, which isn’t included in the listing. He told us that he plans to convert the Bergen Street brewery into apartments, some of which will be affordable, with retail space on the ground floor. He also noted that the most profitable use for 608 Franklin would be a residential development. The Real Deal was the first to write about the offer.
More pictures of the site after the jump!
Past and Present: Nassau Brewing Company [Brownstoner]