Ariel Property Advisors named agent for 75 ft. wide Brooklyn development site

Brooklyn, NY Ariel Property Advisors has been exclusively retained to sell 91-95 Diamond St., a 15,000 buildable s/f development site in the borough's Greenpoint neighborhood. Featuring 75’ of frontage, the site is located on Diamond St. between Norman and Nassau Aves. The assemblage currently consists of a vacant lot at 91 & 93 Diamond St. and a two-family home at 95 Diamond St., which will be delivered vacant. R6B zoning provides 15,000 buildable s/f, as-of-right, for residential use. Exclusive agents Daniel Tropp, Michael Tortorici, Jonathan Berman, and Mark Spinelli are representing the seller, a private investor. “91-95 Diamond St. offers buyers a rare combination of 75’ of frontage and an incredible location, as Greenpoint experiences rapid growth in its condominium market, with sellouts surging above $1,400 per square foot,” said Daniel Tropp, vice president at Ariel. “The nearby waterfront has many exciting development projects underway, including Greenpoint Landing, 161 West Street, and the recently built Gibraltar Condominiums,” said Tropp. Nearby transportation includes access to the G subway line. Local neighborhood attractions include the Henry Norman Hotel, McCarren Park, Five Leaves, the Greenpoint Fish & Lobster Co., and McGolrick Park. The site is also located near several schools and commercial corridors such as Nassau Ave. and Manhattan Ave. Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.