127 Concord

Highlights

• Attractive Location on the Border of DUMBO and Downtown BK
• 70/30 – 35 Year Affordable NY (421a) Tax Exemption
• Opportunity Zone Benefit
• Efficient Layouts to Maximize Commercial and Residential Rents

Description

Avison Young, as exclusive agent, is pleased to offer 127 Concord Street, Brooklyn, NY (“Property”) for sale. 127 Concord Street is the latest new construction, 35-Year 421a mixed use asset to be delivered in the Downtown Brooklyn/DUMBO submarket. The building will benefit from the 35-year 70/30 Affordable New York Program. The structure spans 68,026 GSF, and contains 74 total units, of which 73 are residential. The ground floor contains one garage / retail space that is already leased. Residential tenants will benefit from an array of shared amenities, including a furnished rooftop with built in kitchens, an indoor gym, dog run, and game room.

Downtown Brooklyn-DUMBO-Jay Street-Flatbush Avenue