DEVELOPMENT OPPORTUNITY

INVESTMENT HIGHLIGHTS

• Corner Development Site: With three tax lots plus an in-place ZLDA with the neighboring property, this corner site totals roughly 38,000 buildable square feet for mixed-use development.
• Significant Frontage: The assemblage totals 165 feet of wraparound frontage (45’ x 125’) on the corner of Cornelia Street and Broadway, one of Brooklyn’s most heavily foot trafficked retail corridors.
• Delivered Vacant: The property will be 100% vacant and unencumbered at closing. No structures exist on the property and no demolishing cost required.
• Opportunity Zone: The subject falls in an Opportunity Zone, offering significant tax benefits in the way of a deferred capital gains program. Funds must be invested by January 31, 2026.
• Accessibility: One block to Halsey Street J Train and 4 blocks to express Z train at Gates Avenue, providing access to Williamsburg & Lower Manhattan within 15-20 minutes and Broadway Junction within 10 minutes.
• Neighborhood Amenities: Property is in close proximity to Blink Fitness, Artist Supply Bushwick, Walgreens, Key Foods, several hotels, and countless restaurants along Broadway.
• FRESH Zone: An FAR bonus can be applied to the residential portion, with bonus equal to the square footage of a Fresh Food Store (qualifying store size is a minimum of 6K SF and maximum of 20K SF)