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

Documents

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I accept the confidentiality agreement

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.

Attributes

Building Area

Property Description

Subject to bankruptcy court approval, JLL has been retained on an exclusive basis on 657 5th Avenue, a 10,000 GSF IMD loft building and mixed-use development site with roughly 20,000 BSF of development potential in Greenwood Heights, Brooklyn. Delivered as an IMD loft building and mixed-use development site. The corner building spans 11,300 SF, allowing for 19,620 SF BSF of mixed-use development along 5th Avenue. The building has been improved with several thousand dollars’ worth of capital improvements. These include building plans that expired in 2018 but a short-term reapproval is possible. The first floor of the interior building is vacant. The site presents a large-scale mixed-use development opportunity on the busy corner of 5th Avenue and 19th Street. With a lot size of 10,228 SF, the property enjoys high exposure and visibility. The entrance to the Prospect Avenue is three blocks away, providing excellent connectivity with Brooklyn and lower Manhattan. 657 5th Avenue provides a buyer with an opportunity to invest in a rapidly expanding neighborhood with a variety of premier retailers, restaurants and leisure destinations.

Investment Highlights

  • Total Development Rights: 19,620 BSF
  • Lot Size: 10,228 SF
  • Zoning Designation: R6A/C2-4
  • Frontage: 205 Feet
  • Gross Building Size: 11,300 GSF (+3 Small apartments, 3-Story, 85’ x 45’ Corner Building)
Last Updated Date: 14 Oct 2020
Winfield Clifford
Winfield Clifford
Managing Director, Capital Markets
License details
NY-10401264454
Stephen Palmese
Stephen Palmese
Vice Chairman
License details
NY-10311208021

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Last Updated Date: 14 Oct 2020