305 Douglass Street Brooklyn, NY 11217

Located in Brooklyn, NY, the property at 305 Douglass Street is a 12,000-square-foot lot (120 ft x 100 ft) that has retained its core industrial zoning. The property is strategically positioned at the intersection of high-density residential developments and the established fabric of Park Slope. This location positions the site to serve as a key service, lifestyle, and entertainment destination for a growing residential population. The neighborhood is transforming into a mixed-use ecosystem, with increasing demand for recreation, hospitality, wellness, and community-oriented uses. The property falls within a Qualified Opportunity Zone, potentially delivering federal tax benefits, including deferral of capital gains on investments held 5+ years, with full exclusion after 10 years. It is ideal for long-term holds like institutional community facility (CF) projects and may qualify for grants from the NYC Industrial Development Agency (IDA) for manufacturing or CF builds. The property enjoys proximity to the revitalized canal, with new waterfront esplanades boosting appeal for CF tenants like healthcare providers or educational institutions. Transit access is convenient, with the R train at Union Street, buses, and proximity to Barclays Center, Atlantic Terminal (LIRR/subway), and neighborhoods like Boerum Hill, Park Slope, and Carroll Gardens. Surrounding developments are delivering over 8,000 new units and 650,000+ square feet of commercial space, creating demand for supportive CF spaces, while nearby anchors like Whole Foods, Brooklyn Boulders, and other cultural venues ensure steady foot traffic.