73–99 Empire Boulevard – CW Realty’s $40M Acquisition
CW Realty Group, led by Cheskie Weisz, recently acquired 73-99 Empire Boulevard for $40 million. This 13-story mixed-use development will feature 261 residential units, with 52 affordable units, and 90,000 sq ft of retail space, including a grocery store. While average rents have not been disclosed, the total building size is 250,000 sq ft.
- Developer Website: https://www.cwrealty.net/
- Project Article: https://therealdeal.com/new-york/2025/08/19/cw-realty-buys-crown-heights-development-site-for-40m/
600 Crown Street – Preminger Land LLC’s Rental Building
At 600 Crown Street, Preminger Land LLC completed a 7-story mixed-use building with 100 units, including 30 affordable units at 130% AMI. Retail space includes a daycare center, and the building is near the Utica Avenue subway station.
- Developer Website: https://www.premingerland.com/
- Project Article: https://newyorkyimby.com/2025/08/housing-lottery-launches-for-600-crown-street-in-crown-heights-brooklyn.html
975 Nostrand Avenue (The Arcadian) – Hudson Companies
The Arcadian is a 9-story residential building with 328 units, including retail space and a community facility. Average rents range from $2,900 for studios to $4,900 for 3BR apartments.
- Developer Website: https://www.hudsoninc.com/
- Project Article: https://www.hudsoninc.com/projects/975-nostrand/
1229 Eastern Parkway – Bluejay Management
This 7-story residential building offers 54 units, with 17 affordable units at 130% AMI. Average rents are $2,450 for 1BR and $2,700 for 2BR apartments.
- Developer Website: https://www.bluejaymanagement.com/
- Project Article: https://newyorkyimby.com/2025/06/affordable-housing-lottery-launches-for-1229-eastern-parkway-in-crown-heights-brooklyn.html
Atlantic Avenue Mixed-Use Plan – Multiple Developers
The city-approved rezoning plan allows 4,600 new homes, including 1,900 affordable units, plus commercial spaces along Atlantic Avenue. These projects are transforming Crown Heights with new housing and retail options.
- Plan Document: https://www.nyc.gov/assets/planning/download/pdf/plans/atlantic-avenue/atlantic-avenue-plan.pdf
- Project Article: https://newyorkyimby.com/2025/05/city-council-approves-atlantic-avenue-mixed-use-plan-to-bring-4600-homes-to-central-brooklyn.html
What These Developments Mean for Sellers
These major developments signal rapid neighborhood evolution, with new housing and retail options attracting buyers and potentially raising property values. Sellers in Crown Heights can benefit from understanding these dynamics to maximize their home’s market potential.
For expert guidance in this transforming market, contact Valerie Sebbag of 555 Properties LLC, a proven broker specializing in Crown Heights. Valerie has successfully closed high-value sales including:
- 1337 President Street – $5,000,000 (St. Mark’s Episcopal Church seller)
- 1428 Carroll Street – $2,600,000
- 1444 Carroll Street – $2,000,000
Ready to sell your Crown Heights home and achieve top results? Schedule a free consultation with Valerie today. With her deep local knowledge and proven track record, she will position your property to attract the right buyers and maximize value.
Phone: 917-623-6331
Website:https://555prop.com
Email:ValerieSebbag555@gmail.com
