Overview

Description

Ariel Property Advisors has been retained on an exclusive basis to arrange the sale of 127 Concord Street, a 41,538 BSF (as-of-right) development site located between Jay Street and Flatbush Avenue in the shadow of the New York City College of Technology’s campus in Downtown Brooklyn.

127 Concord Street is located in a C6-2 zoning district (6.02 FAR, R8 Equivalent), which allows developers to build up to 41,538 sq. ft. (as-of-right) for residential or commercial use. The site measures 50’ x 138’ with a total lot area of 6,900 square feet. The parcel is currently improved by a 2-story warehouse totaling 7,650 sq. ft. and is located within a Qualified Opportunity Zone.

In addition to being on the northern part of Downtown Brooklyn, NYC’s third largest Central Business District, 127 Concord Street is a short walk to some of Brooklyn’s most popular neighborhoods such as Brooklyn Heights and DUMBO. Major business hubs include the MetroTech Center, Atlantic Terminal and the Barclays Center. In addition to the City College of Technology, several other colleges are located within including NYU’s Tandon School of Engineering, the Pratt Institute, and LIU - Brooklyn.

Major residential properties within the property’s immediate vicinity include The Amberly, Brooklyn Point, 11 Hoyt, The Hub, 300 Ashland, the Toren, the Oro, Avalon Fort Greene and JDS’s 9 Dekalb, which is slated to be Brooklyn’s tallest skyscraper upon completion.

Convenient, abundant shopping options can be found at Fulton Mall, City Point, and Atlantic Terminal Mall. Thriving local shops and eateries are located along DeKalb Avenue and Myrtle Avenue. Other points of attraction nearby include the Brooklyn Academy of Music as well as Brooklyn Borough Hall. There is an abundance of greenspace within walking distance at Walt Whitman Park, Commodore Barry Park, and Brooklyn Bridge Park.

With six subway lines (including A/C, B/D, N/R/Q, 4/5, 2/3 and F lines) and the LIRR at Atlantic Terminal within walking distance, 127 Concord Street enjoys one of the city’s most accessible locations.

Offering a prime location, significant scale and the ability to leverage the Opportunity Zone program, 127 Concord Street represents a premier Downtown Brooklyn development opportunity. Please contact the exclusive sales agents listed below for more information.

Documents

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