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

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Building Area
Land Area ()

Property Description

171,180 BSF development site in Downtown Brooklyn. The large combined footprint of 14,265 SF allows for a flagship development opportunity in the highly visible Fulton Mall retail district.

Investment Highlights

ZONING

C6-4.5, DB Special Purpose District allows for up to 12.0 FAR with Community Facility (10.0 Residential FAR)


RETAIL FRONTAGE

4 lot assemblage offers 104 feet of retail frontage along the busy Fulton Street retail corridor


UNPARALLELED CONNECTIVITY

• One block from the Jay St-MetroTech A C F subway station, two blocks to the Hoyt Street 2 3, and two blocks from the Borough Hall 4 5, the Property is less than 10 minutes from Wall St.

• 10 minutes to Atlantic Avenue/Barclay’s Center 2 3 4 5 B D N Q R and LIRR.

• A C G trains are available three blocks away at the Fulton Street and Lafayette Avenue stations.


RAPIDLY EXPANDING MARKET

The Brooklyn Tech Triangle’s influx of office, hotel and retail developments are set to have a $10.7 billion economic impact, with new construction residential rents achieving $70/SF in Downtown Brooklyn. 7,000 new residences are in the pipeline for Downtown Brooklyn, and will further contribute to increased foot traffic and sustained demand for new amenities, work space and retail.


THRIVING RETAIL

More than 11,000 pedestrians pass the Property (Fulton/Jay Street) daily. More than 13,000 pedestrians pass through Albee Square daily; during peak week hours, there are more pedestrians on Fulton Street than Wall Street1. A popular destination for tourists and locals alike, Fulton Mall is the major shopping destination in the Downtown area. Hotels, universities, and nationally recognized brand name retailers are mixed between dozens of popular restaurants, bars and nightlife hotspots.

Last Updated Date: 24 Mar 2021
Stephen Palmese
Stephen Palmese
Vice Chairman
License details
NY-10311208021
Brendan Maddigan
Brendan Maddigan
Vice Chairman, Capital Markets
License details
NY-10301206472

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Last Updated Date: 24 Mar 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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