Downtown Brooklyn Development Site

285-287 Livingston Street

Downtown Brooklyn

Total Building Gross SF 14,600 SF
Gross BSF 50,000 BSF
Lot SF 5,000 SF
Cross Streets Hanover Pl + Nevins St
Subways
a
b
c
d
f
g
n
q
r
2
3
4
5
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Development 285-287 Livingston Street, Downtown Brooklyn
Ofer Cohen
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Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 285-287 Livingston Street, a rare opportunity to obtain a development site in the heart of Downtown Brooklyn.

The portfolio consists of two adjacent properties zoned C6-4,DB equaling a combined 5,000 SF lot with up to 50,000 BSF as of right. The asset represents the opportunity to develop a residential, commercial or boutique hotel in the heart of downtown Brooklyn. The property currently consists of 14,900 SF and stands at four and three stories tall and will be delivered vacant. The air rights to the building behind the portfolio having been sold, allowing for unobstructed views on the upper levels of a potential new development.

Attractions

Located just one block away, the Fulton Mall is Brooklyn’s strongest retail corridor and home to strong national tenancy including City Point, the largest mixed-use retail project in Brooklyn. The 1.8 million SF center features 675,000 SF of retail space anchored by Target, Trader Joe’s, Century 21 and Alamo Drafthouse. Residential development projects in proximity include 11 Hoyt Street across the street from the property, and 33 Bond Street.

The property sits directly around the corner from the Hoyt-Schermerhorn A, C, G subway lines, and just a couple of  blocks from the Hoy St (2, 3), the DeKalb Avenue (B, Q, R), Nevins Street (2, 3, 4, 5) subway stations, and the Jay St (A, C, F).

Nordstrom Rack
H&M
American Eagle
Banana Republic
Flight 23
Century 21
Trader Joe’s
Target
Chase
City Point
Trader Joes
Alamo Drafthouse

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