Mixed-Use Development Site

Mixed-Use Development Site
Brooklyn, NY
22,400 SF Lot, 85,798 Buildable SF
Past Auction

Property Highlights

Address
2554 East 16th Street, Sheepshead Bay, Brooklyn, NY
Parcel Size
22,400 sq ft
Previously Approved
85,798 gross sf mixed used project comprised of 30 residential units (28x 2BR/2BA and 2x 1BR/1BA in 34,298 sf), two ground-floor retail suites (780 sf and 4,300 sf), office suites (23,306 sf), a community center (1,500 sf), a community healthcare facility (9,093 sf) and 186 parking spaces (68 surface spaces and 118 underground spaces).

How to Participate

  1. Download Brochure Click Here
  2. Purchase Due Diligence
    No Longer Available
  3. Attend Inspection
    Call (212) 867-3333 to schedule an inspection.
  4. Sealed Bid Auction
    Bids are due 5pm EST on Thursday, June 9, 2011.

    Submit bids in a sealed envelope marked “Confidential” and deliver to:
    Paramount Realty USA
    Attention: 2554 East 16th Street
    Auction 299 Park Avenue, 20th Floor
    New York, NY 10171
Paramount Realty USA is the exclusive agent representing the owner in the sale of the fee interest of a 22,400 sf parcel of land located at 2554 East 16th Street, Kings County, Brooklyn, NY (the "Property") and any assignable intellectual property associated with the Property. Previously, the Property received approvals to be improved with a 85,798 gross sf mixed used project comprised of 30 residential units (28x 2BR/2BA and 2x 1BR/1BA in 34,298 sf), two ground-floor retail suites (780 sf and 4,300 sf), office suites (23,306 sf), a community center (1,500 sf), a community healthcare facility (9,093 sf) and 186 parking spaces (68 surface spaces and 118 underground spaces). The Property has an FAR that permits 85,798 gross SF to be built based on its prior approval. The buyer may seek to utilize the previously approved plans or seek alternative development plans for the site. Broker Participation Invited (see below).  10% Buyer's Premium.

Broker Participation

Click below to download registration form Download