Ariel Property Advisors retained to sell package of Brooklyn development sites
Ariel Property Advisors has announced it has been retained on an exclusive basis to sell a package of development sites at 9114-16 Fifth Ave. and 411-13 92nd St. in Bay Ridge. The asking price for the sites is $3.3 million.
Exclusive agents Mark Spinelli, Jonathan Berman and Daniel Tropp are marketing the contiguous sites, which are zoned C8-2 with a 2.0 FAR and allow for approximately 19,716 combined buildable square feet for commercial use.
“These two sites offer a rare opportunity in Bay Ridge to develop a commercial property along a major retail corridor in a prime South Brooklyn neighborhood with stable growth,” said Mark Spinelli, vice president at Ariel Property Advisors.