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

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Attributes

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Asset 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: 30 Sep 2021

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Last Updated Date: 30 Sep 2021

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