Long-Term Ground Lease Offered for NYC Waterfront Site

JLL will oversee the lease sale for 16 acres with 870K SF of buildable space in an Opportunity Zone in Brooklyn.

By Jack Rogers | May 13, 2022 at 06:47 AM

A long-term ground lease for one of the largest available sites for development on the Brooklyn waterfront—a 16-acre parcel that has been designated as a federal Opportunity Zone—has been put on the market by the family that has owned it for decades.

The 16-acre parcel on Shore Parkway on the eastern shore of the Gravesend neighborhood of NYC will be sold by JLL, which said it is seeking either a 49-year or 99-year ground lease for the property.

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