AP&G – 170 53RD STREET REPOSITIONING REPORT (2013-2014)

BJH worked with the owners of 170 53rd Street in Sunset Park Brooklyn on a repositioning strategy for their 160,000 industrial facility.  The owners, also operators of a manufacturing business that has occupied the building since the 1980s, requested assistance in determining the financial feasibility of several redevelopment scenarios.  BJH provided the owners with market analysis, financial feasibility that contained sensitivities on various real estate inputs, and finally, recommendations for optimal reuse strategies given owner goals.