Newmark Knight Frank is marketing a development site at 725 Myrtle Ave. in Brooklyn’s Bedford-Stuyvesant neighborhood. Vice chairman Brian Ezratty is representing the seller in marketing the 113,218-gross buildable-square-foot site.
The property consists of 16,167 square feet of land at the corner of Myrtle Ave and Sandford Street, giving it a full 162 feet of retail frontage along the Myrtle Avenue commercial thoroughfare, plus 100 feet of frontage along Sandford Street.
“One distinct advantage for prospective buyers of 725 Myrtle Ave. is that current ownership has already completed a major portion of the pre-development phase,” said Ezratty. “They’ve invested significant time and resources into assembling the contiguous land parcels and produced a full set of plans in collaboration with a prominent New York architect.”
The seller has received all approvals for residential development at the site and the plans will be delivered in conjunction with a sale.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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