|Recognize this corner? Not for long.|
Zoned R7A, 100 Lenox Rd. allows for residential development, with the property boasting frontage spanning 44’ on Lenox Rd. and 125’ on Bedford Ave. The 100 Lenox Rd. site was delivered with building plans of a seven-story, thirty one-unit apartment building with condominium finishes and amenity space.
“We implemented a competitive marketing strategy, creating extreme competition for this asset, which benefits from a lucrative tax incentive and the fact that it was one of the largest remaining development opportunities in close proximity to Prospect Park,” said Alexander McGee, Director at Ariel Property Advisors.
The buildings are located on the Flatbush and Prospect Lefferts Garden border, a location that positions the new buyer to take full advantage of the emerging neighborhood.