Schechtman, Sasson and Meese of Eastern Consolidated markets downtown Brooklyn development site

Eastern Consolidated has been retained as the exclusive agent to market for sale, for the first time in 31 years, 295-309 Schermerhorn Street, a future development site located in Downtown Brooklyn/Boerum Hill border. The four-story, 34,000 s/f property, located amidst an incredible amount of new development and construction activity, is currently owned by the International Society for Krishna Consciousness. The society is thrilled to expand their mission in New York City in a yet to be determined new home, and can accommodate up to ±187,000 s/f of new development, with inclusionary housing bonuses and C2-4/DB special district zoning. Situated on the North side of Schermerhorn Street between Nevins and Bond Streets, the property is just steps from Atlantic Center/Terminal, Barclays Center, BAM Cultural District, and the Downtown Brooklyn Central Business District. With multiple nearby subway and bus lines, and the Long Island Rail Road, the property is easily accessible to a huge population in Manhattan, Queens, Brooklyn, and Long Island. "Investors have a truly remarkable opportunity to obtain a site in Downtown Brooklyn, that hasn't been available in 31 years, and redevelop it into state-of-the-art product in one of the most exciting neighborhoods in New York City," said David Schechtman, principal and executive managing director with Eastern Consolidated, who along with associate director Andrew Sasson and senior director of financial services Gary Meese represents the seller on an exclusive basis. "As America has returned to its urban core, Downtown Brooklyn has emerged as one of the most desirable locations," Schechtman noted. "The explosive growth in this area has created an inflection point of commercial, residential, and cultural activity that would have seemed impossible just ten years ago. This investment opportunity warrants very serious consideration."