Bay Ridge

Ariel Property Advisors retained to sell package of Brooklyn development sites

May 28, 2015 Brooklyn Daily Eagle
Mark Spinelli, vice president, Ariel Property Advisors. Photos courtesy of Ariel Property Advisors
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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.

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9114-16 Fifth Ave. measures 65’ x 100.59’ and 411-13 92nd St. measures 21.17’ x 125.71’; both lots offer existing curb cuts allowing the option for a parking lot or drive-through. The two sites are connected in the rear and share approximately 28 feet.

The sites are located between the 95th Street R train station and the 86th Street R train station. Additionally, the B63 bus line runs up and down Fifth Avenue. Commuting options are also available via the Belt Parkway, Gowanus Expressway and Verrazano-Narrows Bridge.

— From Ariel Property Advisors

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