Strategically located in Downtown’ Brooklyn’s commercial and residential core, just blocks from Barclays Center, the property was built-to-suit for Con Edison in 1971, which has remained in continuous occupancy of the full five stories of office space.
Ground floor retail spaces are presently subleased to CVS Pharmacy, JP Morgan Chase Bank, and United Healthcare Services, with initial lease terms expiring between 2021 and 2034. Overall vicinity maintains outstanding long-term appreciation potential as Downtown Brooklyn’s remarkable evolution continues, fueled by surging population, residential development boom, expanding neighborhood amenities, and major office relocations within the technology and creative sectors.