850 THIRD AVENUE
Brooklyn, NY 11232
Property Type: Eight (8) story office, manufacturing, technology, industrial and design center
Building Class: Completely renovated to a state-of-the-art, LEED-certified building
Total Square Footage [Per Floor]: 190,000 RSF floor plate [4 floors available] with divisions available from 10,000 SF
Building Entrance: Three brand new lobbies, with 6 passenger elevators and the potential for a dedicated lobby for a major tenant
Security: 24/7 on site with a $1.5 million monitored CCTV security system with 127 cameras
Life Safety: Fire life safety system with stair pressurization and purge smoke purge and a 1.5-megawatt backup generator
Power: Abundant
Freight & Loading Capacity: 11 freight elevators fully automatic and tenant controlled. 17 exterior and 2 interior loading docks and one drive in. All - 24/7
Real Estate Tax Abatement: Liberty View enjoys a New York City real estate tax abatement – PILOT -virtually eliminating real estate tax increases to tenants through 2033
Delivery Conditions: All space is be delivered painted in white box condition with a new tenant-controlled central HVAC system, new bathrooms, new energy-efficient windows, scarified and sealed concrete floors and ample power delivered to each tenant
Local Workforce: Access to a large cross-section of skilled workers living in the surrounding Brooklyn neighborhoods
Telecommunications: Verizon FiOS 100% fiber optic and Time Warner cable as well as other fiber optic, broadband and cable services
Parking: On-site parking available at building rates
Transportation: Blocks from D, N and R trains. One stop to Barclay’s Center / Atlantic Terminal with eight (8) subway line connections in addition to the Long Island Railroad. Less than 15 minutes to Manhattan. B37 bus at door
Highways: Immediate highway access to the Brooklyn Queens Expressway, Brooklyn Battery Tunnel, Brooklyn Bridge, Manhattan Bridge, Verrazano-Narrows Bridge, Long Island Expressway, Belt Parkway and Staten Island Expressway
Marine Terminal: Roll-on, roll-off marine terminal adjacent to site
Comments: Perfect for any type of office, manufacturing, technology, bio tech, medical labs, life sciences, AR and VR , AI, research and design, fashion, showroom and production facilities.
Economic Incentives: Landlord will assist Tenant in acquiring all applicable economic incentive packages from both New York City and New York State, including but not limited to: NYC Relocation and Assistance (REAP) Program, NYC Industrial Business Zone Credit (IBZ), Business Incentive Rate (BIR) Energy Discount, Energy Cost Saving Program (ECSP), Gas Manufacturing Incentive Rate (MIR), Southwest Empire Zone Incentives Programs.
A POTENTAIL YEARLY SAVINGS OF $15-$20* PER SQUARE FOOT
The New York City Relocation and Employment Assistance Program (REAP) offers tax credits for relocating or expanding jobs from New York City below 96th Street or relocations and expansions anywhere from outside The New York City Boroughs including relocation/ expansion from outside of New York State including companies looking to relocate or expand from overseas. REAP provides an annual credit of $3,000 per employee, each year for twelve (12) years per eligible employee for relocating / expending to a qualified property*. Additional employees added within the first 4 years also may become included in the benefit.
NO REAL ESTATE TAX INCREASE TO TENANTS THROUGH 2033
The New York City IDA / PILOT Program provides real estate tax abatements for up to 25 years. Liberty View has a PILOT abatement through 2033 with increases phased in through 2037
Exempt from the NYC Commercial Rent Tax (CRT) currently at 3.9% of annual gross rent paid
Energy Cost Savings Program (ECSP) reduces regulated energy costs up to 45%.
A one-time relocation credit of $1,000 per employee or cost of relocation**
*Liberty View is a pre-qualified property.
**Subject to number of employees.
The information herein is not the product or responsibility of Ownership. No warranty or representation expressed or implied is made to the accuracy of the information and it is subject to errors, omissions, changes and withdrawal without prior notice.
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