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Area Size
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Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Building Area Gross
Land Area Gross ()

Property description

JLL has been retained on an exclusive basis for the

sale of 205 14th Street and 228-236 13th Street, a

39,664 square foot development/conversion site

in Park Slope, Brooklyn. The offering consists of a

lot suitable for a multi-family or community facility

development providing a unique opportunity and

a large-scale footprint in one of Brooklyn's most

sought-after neighborhoods.

Investment highlights

REPOSITIONING FLEXIBILITY


With the ability to purchase the site as a package or individual assets, this offering provides exceptional versatility to a developer with frontage on both 13th & 14th Streets. 205 14th Street is currently improved by a 6,858 SF three-story multifamily building. 228 13th Street, currently improved by an 8,956 SF building, provides ideal conversion potential in a sought-after Brooklyn neighborhood, perfect for a luxury rental or condominium to be constructed. In addition to being a suitable site for a residential conversion or ground up development, the site also offers a unique opportunity to construct or convert the existing structure into a community facility space (school, medical, non-profit, etc.). The property is located in School District 15 in an area that is underserved in such product. Keeping the existing 6,858 SF 14th Street building in place and transferring the remaining air rights to the 13th Street site, 230 13th Street can be built to 32,806 BSF. With a combination of original details, high ceilings and potential for amenity spaces this asset will create a unique residential or community facility product inspired by previous use.


WELL APPOINTED DETAILS


This preserved prewar property is well positioned to take advantage of top line rental or condo growth.


MANHATTAN IN 20 MINUTES


The entrance to the Prospect Avenue r is three blocks away, and the 9th Street/4th Avenue F, Q, and R station 4 blocks away, providing excellent connectivity with lower Manhattan.


LOCATION


The Property provides a buyer with an opportunity to invest in a rapidly expanding neighborhood with a variety of premier retailers, restaurants and leisure destinations. Due to the location and the proximity to the transit, retail, and local attractions, any resident would enjoy peaceful living, yet unmatched convenience

Last Updated Date: 18 Oct 2021

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Last Updated Date: 18 Oct 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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