1029-1035 Atlantic Avenue, Brooklyn, NY, 11238, US

1029-1035 Atlantic Avenue

描述

JLL has been exclusively retained to arrange the sale of 1029 – 1039 Atlantic Avenue, (the “Development”, “Property” or “Site”), located at the intersection of Clinton Hill, Bed Stuy & Prospect Heights in Brooklyn, New York. 1029 – 1039 Atlantic Avenue is a combined 15,704 SF lot featuring 130’ feet of frontage along Atlantic Avenue and 141,650 zoning square feet under the City of Yes / UAP programs. The two lots can be sold separately or as a package.

The Site is in the newly rezoned Prospect Heights submarket of Brooklyn, offering residents a plethora of neighborhood amenities, immediate access to New York City’s major employment centers, and abuts some of Brooklyn’s’ most sought after neighborhoods. Residents of the Property will enjoy quick and direct access to the neighborhoods main retail and shopping corridors, in addition to having the benefit of being just a 5 - minute walk to the Franklin Avenue MTA C & S trains, offering immediate access to both Manhattan and Downtown Brooklyn in 20-minutes.

The Property lies within the Atlantic Avenue Mixed-Use Plan (AAMUP), a community driven rezoning which seeks to transform the greater Atlantic Avenue corridor into a vibrant, mixed-use community that supports new housing and bolsters street safety and connectivity. AAMUP’s geography spans approximately thirteen blocks of Atlantic Avenue as well as blocks to the south along Pacific, Dean, and Bergen streets as they run between Grand Avenue and Franklin Avenue.

The Site offers an opportunity to acquire and develop an upscale housing project in an established community that is in need of new development.

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属性

土地总面积

1,459 平方米

建筑总面积

1,443 平方米

分区

C6 - 3A (R9A Equivalent)

媒体

投资亮点

Optimal Development Opportunity

The Property consists of a 15,704 SF lot with 130’ of frontage along Atlantic Avenue. The Site allows for the development of 141,650 ZFA. The combination of the Site’s shape, size and frontage will allow for an efficient design with ample light and air.

Zoning Incentives & Development Potential

Under UAP / City of Yes, The Site is located within the Inner Transit Zone, which fully eliminates parking requirements for new developments, streamlining the design process and significantly reducing construction costs. In addition to City of Yes, developers can take advantage of the 485 – X tax abatement, which preserves a 35-year tax abatement for new construction buildings.

Surging Submarket Primed for Growth

Nestled in the middle of some of Brooklyn’s most desirable neighborhood such as Park Slope, Boerum Hill, Clinton Hill, Prospect Heights is destined for change. The neighborhood has been the focus of several rezoning efforts that will reshape the community landscape. This will drastically affect the number of units and population size of the booming neighborhood, fostering economic growth and excitement.

Transit-Oriented Location

Located on Atlantic Avenue and just 2-blocks south of the Franklin Avenue MTA & Train entrance, 1029 – 1035 Atlantic Avenue allows tenants to be in Manhattan in less 20-minutes and Downtown Brooklyn (Atlantic Terminal) in less than 20-minutes by subway. Centrally located, the Property is within walking distance to Prospect Park, Park Slope, Clinton Hill and Boerum Hill.