CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Arranges Sale of Mixed-Use Development Site with Approved Plans in Brooklyn

Jayden Lapin-Tatman • 2/21/2023
New York, NY – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of a 13,520-square-foot development site with approved plans for a 20,504-square-foot mixed-use property located at 207 Fifth Avenue in the Park Slope neighborhood of Brooklyn. The final sale price was $6,450,000.

Cushman & Wakefield’s Daniel O’Brien, Caroline Hodes, Loren Valla and Jack McGuffog represented the seller, Urban Standard Capital, and procured the buyer, Red Rock Investments, in the transaction.

“207 Fifth Avenue presented investors with the unique opportunity to acquire a development site with approved plans on a prominent retail corner in the coveted Park Slope neighborhood,” said O’Brien. “The property’s ideal location provides easy access to the surrounding neighborhood amenities including Prospect Park and the Union Street R train station.”

The property has approved plans for a 20,504-square-foot mixed-use condominium development consisting of seven residential units and a ground floor retail space. The asset features 129 feet of frontage on Fifth Avenue and Union Street.

207 Fifth Avenue is located one block from the R train at Union Street, allowing for a 15-minute commute to Downtown Manhattan
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

Interested in learning more?

Get in touch and we can assist with any additional information you need.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS