Living / Multi-housing

259 22nd Street

259 22nd St, Brooklyn, NY, 11215-6503, US

Gallery

Asset Description

JLL has been exclusively retained to arrange the leasehold interest in 259 22nd Street, (The

“Property” or “Site”) a development site located at the crossroads of the South Slope &

Greenwood Heights neighborhoods of Brooklyn, New York. The site presents an investor the

opportunity to develop an approximately 49,753 ZSF residential building along the highly

trafficked 4th Avenue corridor. This site is located on 22nd Street and will utilize air rights

from the church which will remain in use.

Attributes

Year built

1910

Building area gross

4,622 m²

Land area Gross

0.00 km² (1,027 m²)

Investment Highlights

Superior Location: The ground lease opportunity is conveniently located at the center of the vibrant South Slope neighborhood. Treelined streets characterize the streets of South Slope and provide seamless access to the F, G, D, N, R & W trains - all within a ten minute walk of the property.

Greenspace Access: The Property is a few minute walk from the 478-acre Green-Wood Cemetery and just a twenty minute stroll to Brooklyn's famous Prospect Park giving future residential tenants unparalleled access to world-class parks.

Proximity to Industry City: The Property is located less than a mile from Industry City - a hub of creative office, light manufacturing, retail, dining, and recreation space spanning 35 acres launched in 2013. This project has transformed the nearby neighborhood and contributes to the increasing demand for housing in the South Slope neighborhood.

Development Site: With an 11,050 GSF development site, the investor has the capability to use their creativity to build any residential structure falling under R6B zoning regulations to maximize the 49,753 available ZSF.