Property History
Approved Plans: DOB approved plans for a 6,797 gross SF condo project (available in data room).
Profitability: Condo sellouts projected to be $7.5M+ at very attainable per-unit pricing. Average sellout for Boreum Hill is $1,550.
Delivered Vacant: The property will be 100% vacant at closing and there is not cost for demolition.
Air Rights Transfer: A zoning lot merger with the neighbor allows for more density and a wider floor plate above 4 Floors.
Accessibility: Perfectly located within blocks of the 2/3/4/5/A/C/F/G/B/Q/R trains and a ¼ mile to BQE.
Central Location: Atlantic Terminal and the Barclays Center are within ¾ of a mile to the east, Brooklyn Bridge Park is roughly ½ a mile to the west.
Desirable Neighborhood: Historic charm, tree-lined streets, diverse dining options, mix of boutique and mass-market retail.
- Located within a Surging Retail Corridor
- Opportunity for mixed-use Development
- 20 feet of frontage on Atlantic Avenue
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
Rental Market Overview
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