C&W to sell Brooklyn development site for Industrie Capital Partners

Industrie Capital Partners has tapped Cushman & Wakefield to market a development site in Brooklyn’s Bedford-Stuyvesant neighborhood. With an asking price of $37.9m, the site offers 44,607 sq ft of land and has been pre-approved for a mixed-use development totaling 165,631 of buildable sq ft. Multiple transportation options are available within one block, with the express A and C trains on Nostrand Avenue offering direct access to downtown Brooklyn and Manhattan within 15 to 20 minutes.

“The exposure, preliminary design and scale of this development site offers the opportunity to build a trifecta of premium retail, residential and office product,” said DJ Johnston of Cushman & Wakefield. “The site offers multiple frontages with access to both the best residential and retail corridors in the neighborhood. The high density of the large interior lot offers an opportunity to build a powerful office or retail building, unmatched and unique to the area.”