Property Type
Land
INVESTMENT HIGHLIGHTS
- Approved Plans: DOB approved plans for a 6,797 gross SF condo project (available in data room).
- Profitability: Condo sellouts projected to be $7.5M+ at very attainable per-unit pricing. Average sellout for Boreum Hill is $1,550.
- Delivered Vacant: The property will be 100% vacant at closing and there is not cost for demolition.
- Air Rights Transfer: A zoning lot merger with the neighbor allows for more density and a wider floor plate above 4 Floors.
- Accessibility: Perfectly located within blocks of the 2/3/4/5/A/C/F/G/B/Q/R trains and a ¼ mile to BQE.
- Central Location: Atlantic Terminal and the Barclays Center are within ¾ of a mile to the east, Brooklyn Bridge Park is roughly ½ a mile to the west.
- Desirable Neighborhood: Historic charm, tree-lined streets, diverse dining options, mix of boutique and mass-market retail.
Broker of Record
- Cory Rosenthal
- License No. 10991237833 (NY)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203