A long-term ground lease for one of the largest available sites for development on the Brooklyn waterfront—a 16-acre parcel that has been designated as a federal Opportunity Zone—has been put on the market by the family that has owned it for decades.
The 16-acre parcel on Shore Parkway on the eastern shore of the Gravesend neighborhood of NYC will be sold by JLL, which said it is seeking either a 49-year or 99-year ground lease for the property.
The property, which once was home to an oil terminal, is situated within an M3-1 manufacturing district, which also permits industrial and retail use.
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