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1580 Nostrand Avenue,
Brooklyn, NY

Closed
$58,000,000

Overview

Bankruptcy Note Sale

1580 Nostrand Avenue,
Brooklyn, NY

212,583 SF

Description

1580 Nostrand Avenue is a 212,583 SF Mixed-Use & mid-construction development in Prospect Lefferts Gardens. The project when completed, will consist of two hundred and four (204) residential units, 93 of which are complete. Located just 30 minutes from NYC and 2 blocks to the 2 & 5 subway stations.

Property Snapshot

  • Total Gross Development SF: 212,583
  • Total Residential Units: 204

Building 1: Vacant lot development site

  • 115,596 gross square feet
  • 74,710 net residential square feet
  • 14,674 Retail square feet (Community Facility Gross SF)
  • 111 additional proposed units
  • 2 blocks to 2 & 5 Subway Stations

Building 2: 93 built units

  • 96,987 gross square feet
  • 65,514 net residential square feet
  • 7,500 Retail square feet (Community Facility Gross SF)
  • 2, 3, and 4 bedroom units
  • Floor Through Apartments with Large Terraces in Front and Back
  • 421-A 15 year abatement
  • Triple Paned Windows and Doors

Documents

Area Map

Description

1580 Nostrand Avenue is a 212,583 SF Mixed-Use & mid-construction development in Prospect Lefferts Gardens. The project when completed, will consist of two hundred and four (204) residential units, 93 of which are complete. Located just 30 minutes from NYC and 2 blocks to the 2 & 5 subway stations.

Property Id : 38911
Price: $ 58,000,000
Property Size: 212 ft2
Closing Date: 05/06/2022

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