CROWN HEIGHTS — After less than two days on the market, an empty development lot in Crown Heights has sold for $1.25 million, the brokers on the deal said this week.
The 2,861-square-foot lot at 1266 Pacific St. just east of Nostrand Avenue sold to a developer that plans to build a four-story, ten-unit residential building on the property, according to building records and real estate firm EPIC Commercial Realty.
The deal was on the market for “less than 48 hours” before the buyer and seller agreed on terms, according to EPIC broker Shay Zach.
“The location is great and it attracts the young and professional,” he said in a statement.
The lot previously changed hands in 2009 for $245,000, according to property records.
Last month, the Bedford-Stuyvesant-based group CS Real Estate filed applications to build a 8,400-square-foot residential building with four stories and 10 units on the vacant lot, according to a first report by New York YIMBY and Department of Buildings records. It’s unclear which entity in particular bought the lot; no deed has yet been filed with the city register.