By Linda Collins
Brooklyn Daily Eagle
The YDE School, a religious private school that has been serving more than 400 children for the past two years, has signed a long-term lease to move its facilities to a building at 2533 Coney Island Ave. in Gravesend, according to Winick Realty Group.
The 25,000-square-foot one-story building sits adjacent to an additional 25,000-square-foot parking lot and future development.
“It is unusual for a 50,000-square-foot plot with tremendous air rights and development possibility to come available in Brooklyn like this,” said Zach Mishaan, a Winick Realty Group senior managing director, who represented the new tenant.
“The site will offer them tremendous growth potential for years to come.”
The YDE School signed a 30-year lease for the site, which had been a Ford dealership and repair center for more than 40 years, according to Mishaan.
“As this neighborhood and retail corridor upgrade, it creates further opportunity for beautification,” he said, adding that the strip has not only retail but also other schools and community amenities.
Brian Hanson, director of sales, and Ben Fox, executive vice president of retail leasing at Massey Knakal Realty Services, represented the landlord in the lease transaction.
Set to open for the start of the 2013 school year, the YDE School will start out as a high school and eventually grow to include grades K-12, according to Mishaan.