Big Downtown Brooklyn Lot Up for Sale

A parking lot in Boerum Hill is on the market for $40 million, reports the New York Observer. The 27,582-square-foot property located between Schermerhorn and State Streets has plenty of potential: A developer would be allowed to put up more than 300,000 square feet (206,530 of residential space and 105,271 of commercial) on the site. It could be a residential building, a hotel, or a school, said Nat Rockett, an executive vice president in Cushman & Wakefield’s Capital Markets Group, which along with JRT Realty Group, is marketing the parcel. GMAP
71 Smith Street for Sale [NY Observer]
Boerum Hill Site Lists for $40 Million [TRD]
Photo by Nicholas Strini, PropertyShark