Transit Accessible Development Site in East New York for 99-Year Ground Lease
Market Price
680 Essex Street, New York, NY 11208
20,000 sqft
Lot Area
R5 Qualifying Residential Site
Zoning
Details:
Description:
Ariel Property Advisors presents 680 Essex Street, a large, L-shaped, block-through development site in the heart of East New York, Brooklyn.
The 20,000 SF vacant lot, currently used as for parking, features 120 feet of frontage on Essex Street and 80 feet on Linwood Street.
With R5 zoning, Qualifying Residential Site status, and transferable air rights from an adjacent property, the site provides approximately 71,523 buildable square feet across two medium-density residential towers (zoning study available upon request).
Ownership is seeking proposals for a 99-year ground lease.
Just steps from the New Lots Avenue 3 train and several bus routes (B5, B84, B20, BM5), the property offers excellent access throughout Brooklyn and the greater New York metro area. Linden Boulevard, Atlantic Avenue, and the Belt Parkway further enhance car connectivity.
Positioned between the Gateway Center to the south and a wave of new development along Atlantic Avenue to the north, 680 Essex Street stands at the center of East New York’s ongoing revitalization.
Combining scale, accessibility, and a strategic location, 680 Essex Street presents a prime Brooklyn ground lease opportunity.
1 Space Available
Available Space Unknown Sub Type
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