NEW YORK, NY – October 20, 2016 – Ariel Property Advisors has been exclusively retained to sell 91-95 Diamond Street, a 15,000 buildable square foot development site in Brooklyn’s Greenpoint neighborhood. Featuring 75’ of frontage, the site is located on Diamond Street between Norman and Nassau Avenues. The asking price is $6.3 million.

The assemblage currently consists of a vacant lot at 91 & 93 Diamond Street and a two-family home at 95 Diamond Street, which will be delivered vacant. R6B zoning provides 15,000 buildable square feet, as-of-right, for residential use.

Exclusive agents Daniel Tropp, Michael A. Tortorici, Jonathan Berman, and Mark Spinelli are representing the seller, a private investor.

“91-95 Diamond Street offers buyers a rare combination of 75’ of frontage and an incredible location, as Greenpoint experiences rapid growth in its condominium market, with sellouts surging above $1,400 per square foot,” said Daniel Tropp, Vice President at Ariel Property Advisors. “The nearby waterfront has many exciting development projects underway, including Greenpoint Landing, 161 West Street, and the recently built Gibraltar Condominiums,” said Mr. Tropp.

Nearby transportation includes access to the G subway line. Local neighborhood attractions include the Henry Norman Hotel, McCarren Park, Five Leaves, the Greenpoint Fish & Lobster Co., and McGolrick Park. The site is also located near several well-rated schools and commercial corridors such as Nassau Avenue and Manhattan Avenue.