127 Concord

127 Concord St Brooklyn, NY 11201

Property Type:
MultiFamily Apartments
Please Call Broker for Price

Last Verified:
Jan 02, 2024


  • Attractive Location on the Border of DUMBO and Downtown BK
  • 70/30 – 35 Year Affordable NY (421a) Tax Exemption
  • Opportunity Zone Benefit
  • Efficient Layouts to Maximize Commercial and Residential Rents


Avison Young, as exclusive agent, is pleased to offer 127 Concord Street, Brooklyn, NY (“Property”) for sale. 127 Concord Street is the latest new construction, 35-Year 421a mixed use asset to be delivered in the Downtown Brooklyn/DUMBO submarket. The building will benefit from the 35-year 70/30 Affordable New York Program. The structure spans 68,026 GSF, and contains 74 total units, of which 73 are residential. The ground floor contains one garage / retail space that is already leased. Residential tenants will benefit from an array of shared amenities, including a furnished rooftop with built in kitchens, an indoor gym, dog run, and game room.

Downtown Brooklyn-DUMBO-Jay Street-Flatbush Avenue

Building Size: 68026sq ft
Lot Size: 6900.0 acres

Map of 127 Concord St, Brooklyn, NY, 11201

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.