The Site can accommodate up to approximately 360,000 zonable square feet comprised of multiple uses including residential and commercial. Rezoned in the last decade, Coney Island is transitioning from a seasonal tourist destination to a year-round residential waterfront enclave. The Site is located within an Opportunity Zone, presenting strategic investors with significant tax advantages. World-class developers and institutional partners have begun investing in Coney Island, and 1517 Surf Avenue presents one of the most desirable investment opportunities in the market.
Holliday Fenogolio Fowler (HFF L.P.) has been exclusively retained to arrange the sale of 1517 Surf Avenue (the “Development” or “Site”) a near full-block development site located in the Coney Island neighborhood of Brooklyn. The Site represents the largest, and most subway-proximate, residential development site remaining along the rapidly transforming Surf Avenue. Flexible zoning, conducive to a best-in-class mixed-use development, will cater to a growing demand base that is being fueled by the $1.5 billion of mixed-use development that will be completed in Coney Island over the next five years.