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Cushman & Wakefield Arranges Sale of Mixed-Use Development Site with Approved Plans in Brooklyn

Jayden Lapin-Tatman • 2/21/2023
New York, NY – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of a 13,520-square-foot development site with approved plans for a 20,504-square-foot mixed-use property located at 207 Fifth Avenue in the Park Slope neighborhood of Brooklyn. The final sale price was $6,450,000.

Cushman & Wakefield’s Daniel O’Brien, Caroline Hodes, Loren Valla and Jack McGuffog represented the seller, Urban Standard Capital, and procured the buyer, Red Rock Investments, in the transaction.

“207 Fifth Avenue presented investors with the unique opportunity to acquire a development site with approved plans on a prominent retail corner in the coveted Park Slope neighborhood,” said O’Brien. “The property’s ideal location provides easy access to the surrounding neighborhood amenities including Prospect Park and the Union Street R train station.”

The property has approved plans for a 20,504-square-foot mixed-use condominium development consisting of seven residential units and a ground floor retail space. The asset features 129 feet of frontage on Fifth Avenue and Union Street.

207 Fifth Avenue is located one block from the R train at Union Street, allowing for a 15-minute commute to Downtown Manhattan
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit

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