430 Albee Square is a brand new 28 story luxury residential tower with 150 residential units and approximately 27,304 sq. ft. of retail space across the ground floor, 2nd floor and lower level.
The retail portion features 100' ft. of floor to ceiling glass frontage, 18' ft. ceilings, wide open floor plates, and an outdoor patio space on the 2nd floor.
430 Albee Square, situated directly across from the brand new and wildly popular City Point development, is positioned to benefit from the on-going development of Downtown Brooklyn. In particular, there are plans to build a 500,000 sq. ft. office building directly next door at 420 Albee Square and one-acre public park, Willoughby Square Park.
Downtown Brooklyn has transformed into a hub for office tenants and prominent retailers alike. The continuing development of office, residential, retail and hospitality has created a considerable tailwind for the retail market.
Location Overview: - 430 Albee is located between Willoughby and Fulton Streets, directly across the street from the brand new City Point complex. - Located within a few block radius of nearly 10,000 up-and-coming apartment units. - Downtown Brooklyn is home to over 17mm SF of office space, making the area the third largest office market in NYC. In addition, the direct area has plans to add close to 2mm SF of office space in the next few years. - Over 3,800 hotel rooms within ½ mile radius. - Within four blocks of the B,D,F,N,Q,R,A,C, G, 2, 3, 4, 5 subway lines. - 430 Albee is surrounded by many national and prominent brands, including but not limited to the following: Trader Joe' s, Century 21, Sephora, Macy' s, Adidas, SoulCycle, Swarovski, Banana Republic, Nordstrom Rack, American Eagle, H&M, Kith, Express, Apple & Whole Foods.
Demographics:
- Average HHI of $158,471 (including Downtown Brooklyn and surrounding neighborhoods). - Average age of residents is 37. - 77.7% of residents have a bachelor' s or graduate degree. - Over 100,000 office workers within ½ mile radius. - $1,200 psf retail sales. - Home to 35 million annual shoppers.