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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

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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

Four-lot development site located at the crossroads of the South Slope, Greenwood Heights, and Sunset Park neighborhoods of Brooklyn, New York. The Site presents an investor the opportunity to develop a 78,133 ZSF community facility along the highly trafficked 4th Avenue corridor.

Investment Highlights

RARE DEVELOPMENT OPPORTUNITY

The Site offers a developer an expansive 32,555 development site, with frontage on 4th Avenue, 27th Street and 28th Street, and a total of 78,133 buildable square feet. The ability to develop an education facility, medical office, life science, or other various potential uses is limited in Brooklyn, and the Site’s location among prestigious residences, hospitals and schools creates a highly attractive and rare opportunity for potential developers.


SITUATED IN SCHOOL DISTRICT 15

District 15 runs from Carroll Gardens to Sunset Park and includes Brooklyn’s most family-oriented neighborhoods. District 15 currently has over 32,000 students across 49 schools and is known for its highly competitive elementary schools.  


PROXIMITY TO INDUSTRY CITY

The Property is a two-block walk from Industry City, a hub of creative office, light manufacturing, retail, dining and recreation space spanning 35 acres, 16 buildings and over 6 million square feet. The success of this transformational project will continue to increase demand for nearby development as tenants seek accommodations close to work and others are drawn to the community by the neighborhood’s growing amenity base. 


LOCATION PRIMED FOR CONTINUED GROWTH

In recent years, the area has quietly transformed itself with new modern developments and a surge in local restaurants and bars on 4th and 5th Avenues catering to a diverse demographic. Sunset Park is home to NYU Langone Hospital – Brooklyn, a 450-bed facility catering to over 80,000 patients a year, and a population of over 125,000 residents. 

Last Updated Date: 24 May 2021
Steven Rutman
Steven Rutman
Director, Capital Markets
Broker Licenses
NJ-1220994 PA-RS320021 NY-10401278083
Jeffrey Julien
Jeffrey Julien
Managing Director, Capital Markets
Broker Licenses
NY-40JU1081538

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Last Updated Date: 24 May 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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