INVESTMENT OFFERING
SAB Capital is pleased to present 3053 Atlantic Avenue in the East New York section of Brooklyn. The 8,273 SF lot represents a large development opportunity with a total buildable of 49,803 SF. By taking advantage of the Inclusionary Housing Program, the total buildable area increases to 59,306 SF. The site benefits from it’s 90′ feet of frontage on Atlantic Avenue and it’s proximity to the Cleveland Street (“J”) and Shepherd Avenue (“C”) subway stations.
- Prime Development Opportunity in East New York
- ~50,000 Buildable SF As-of-Right – 60,000 Buildable SF Inclusionary Housing Program
- 90 ft of Frontage Along the Atlantic Avenue Retail Corridor
- Steps from the Cleveland Street “J” and the Shepherd Avenue “C” Subway Station
- Short Walk from the Pitkin, Liberty, and Fulton Street Retail Corridors
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| 3053 Atlantic Avenue | $4,950,000 | % | 8273 | Under Contract |
