186 Remsen Street

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of 186 Remsen Street (the “Property” or “Site”), a premier development site located in Brooklyn Heights. The Site has a 5,000 SF footprint and the ability to build up to 60,000 ZFA through the City of Yes. With limited competition in the immediate vicinity, investors will benefit from an expedited timeline, as current ownership has completed a substantial amount of pre-development work. In 2019, the seller who owns one of the world’s most famous 3 Michelin starred restaurant and Inn, received landmarks approval to construct a 14 story, luxury hotel with fully approved plans by the DOB. The seller is willing to explore a JV relationship if the buyer is interested in pursuing a luxury development with a globally recognized hospitality operator.

Situated on the south side of Remsen Street between Clinton and Court Streets, the Site presents a promising opportunity for developers. The Site boasts great connectivity with Borough Hall station (2, 3), less than minute away, Court Street (R), and Jay Street-MetroTech (A, C, F) within a 3-minute walk, and additional Borough Hall entrances (4, 5) nearby. One stop away is the major hub of Atlantic Ave-Barclays Center, connecting to numerous lines. The Brooklyn Bridge is also easily accessible, offering a swift, under-10-minute route to Manhattan. Brooklyn Heights offers an abundance of dining and retail options. The excellent access to transportation, lively entertainment and dining options make Brooklyn Heights one of the most desirable submarkets in the borough.