Page 41 - Venture Capital Properties

KENT AVENUE DEKALB AVENUE BROOKLYN, NEW YORK BROOKLYN, NEW YORK Address Address Kent Avenue, 1209 Dekalb Avenue Brooklyn, New York Brooklyn, New York Sale Price Sale Price $165,000,000 $58,000,000 Building Size Building Size 623,000 SF 101,957 SF Building Use Building Use Development Site Seller Seller Undisclosed Owner Undisclosed Owner Buyer Buyer Spitzer Organization Spruce Capital Partners 1209 DeKalb Avenue, also known as “Colony 1209”, a newly developed lifestyle rental building, located in bohemian Bushwick, surrounded by Williamsburg to the northwest, Bedford Stuyvesant to the southwest and This assemblage is located along Kent Avenue by South 8th Street and Ridgewood to the northeast. Broadway in Williamsburg. The 6 properties have a combined total of over 623,000 waterfront square feet available for luxury development. 40 © 2016 VENTURE CAPITAL PROPERTIES WWW.VCPRE.COM 41