{"id":204794,"date":"2026-04-21T15:32:37","date_gmt":"2026-04-21T15:32:37","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/204794\/"},"modified":"2026-04-21T15:32:37","modified_gmt":"2026-04-21T15:32:37","slug":"brooklyns-prospect-heights","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/204794\/","title":{"rendered":"Brooklyn&#8217;s Prospect Heights"},"content":{"rendered":"<p>            <a href=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/04\/Untitled-3-11.jpeg\" data-caption=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"365\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/04\/Untitled-3-11.jpeg\" alt=\"Brooklyn's Prospect Heights\" title=\"Brooklyn's Prospect Heights\"\/><\/a><\/p>\n<p><a href=\"https:\/\/www.marcusmillichap.com\/mountain\" target=\"_blank\" rel=\"noopener nofollow\">Marcus &amp; Millichap (NYSE: MMI)<\/a>, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of <a href=\"https:\/\/www.loopnet.com\/Listing\/863-Dean-St-Brooklyn-NY\/36541969\/\" target=\"_blank\" rel=\"noopener nofollow\">863 Dean St.<\/a>, a development site in the Prospect Heights neighborhood of Brooklyn. The asset sold for $16 million.<\/p>\n<p>\u201cBy strategically launching post-AAMUP rezoning, we capitalized on critical price discovery to maximize asset value. Our marketing campaign generated rapid, broad-based competition, resulting in 15+ offers within 30 days,\u201d said Matt Fotis of Marcus &amp; Millichap in New York City. \u201cWe selected a sophisticated developer capable of unlocking the site\u2019s highest and best use, exceeding all market expectations.\u201d<\/p>\n<p>Fotis exclusively marketed the property on behalf of the seller, a local family, and procured the buyer.<\/p>\n<p>The property consists of a 16,500-square-foot lot and is currently configured as a vacant lot. The site falls within the recently approved Atlantic Avenue Mixed Use Plan Rezoning and is zoned R6A\/M1-2A, allowing for residential and mixed-use development. The property offers up to 82,500 buildable square feet.<\/p>\n<p>863 Dean St. is located between Grand Avenue and Classon Avenue, approximately five blocks from Barclays Center and Atlantic Terminal, with access to the 2, 3, 4, 5, B, N, D, Q, R and W subway lines and the Long Island Rail Road.<\/p>\n<p>Marcus &amp; Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing,\u202fresearch\u202fand advisory services with offices throughout the United States and Canada. Marcus &amp; Millichap closed 8,818 transactions with a sales volume of\u202f$50.8 billion\u202fin 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end.<\/p>\n<p><a class=\"gofollow\" data-track=\"MjQ1LDYsNjA=\" href=\"http:\/\/umadvisory.org\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2025\/10\/UMA-digi-ad-leaderboard.jpg\" title=\"UMAdvisory\" border=\"0px\"\/><\/a>        <\/p>\n","protected":false},"excerpt":{"rendered":"Marcus &amp; Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research&hellip;\n","protected":false},"author":2,"featured_media":204795,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[39188,98,100,4584,99,2003,2005,17024,2008,9,24,12,63,435],"class_list":["post-204794","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-apartment-development","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-new-york","tag-brooklyn-news","tag-deal-boom","tag-marcus-millichap","tag-mixed-use","tag-multifamily","tag-new-york","tag-new-york-city","tag-news","tag-nyc","tag-rezoning"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/204794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=204794"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/204794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/204795"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=204794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=204794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=204794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}