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1 Dekalb Ave
Brooklyn, NY 11201 Downtown Brooklyn

$55.00 USD/SF/YR

Unknown For Lease  •  1,200+ SF

Property Details

  • Property Type Unknown
  • Year Built 2016
  • Total Building Size 650,000 SF
100 Transit Score
99 Walk Score

4 Spaces Available

Name Space Use Size Rent Details
Grnd Floor Ste Office 1,800 SF $55.00 USD/SF/YR 
Employee and Employer Benefits
Ground floor must be leased with the basement.

RELOCATION AND EMPLOYMENT ASSISTANCE PROGRAM (REAP): REAP is a 12-year tax credit against New York City business taxes equal to $3,000 per employee relocated to Downtown Brooklyn. For the first five years, a company can receive a cash grant if the benefit is higher than their city business taxes. To qualify for REAP, an eligible business must relocate from outside New York City or from below 96th street in Manhattan. 

INDUSTRIAL AND COMMERCIAL INCENTIVE PROGRAM (ICP): This unique program, which is no longer active but available to City Point, creates a 25-year tax abatement of the building tax component, and increases only on the land tax component. It is expected that this benefit will reduce real estate taxes from $5 per square foot to $1 per square foot. 

COMMERCIAL REAL ESTATE TAX (CRT) ABATEMENT: Downtown Brooklyn does not have commercial rent tax, which may provide businesses with significant tax savings. 

ENERGY COST SAVINGS PROGRAM (ECSP): A 12-year program offered by NYC Department of Small Business Services that grants a 45% reduction in energy costs to companies relocating to Downtown Brooklyn. The program runs for 12 years; 8 years of full benefit with a 4 year phase-out. New York State Energy research and Development Authority (NYSERDA) Existing and New Facilities Programs Businesses may receive up to $30,000 in rebates on pre-qualified energy-efficient equipment. 

BUSINESS INCENTIVE RATE (BIR): BIR is a discretionary benefit that provides a reduction on regulated electric costs by 30%-35% for a term of five years, which new commercial tenants to City Point are eligible for.

  • Date available: Negotiable
  • Lease term: 10 Years
  • Service type: Plus All Utilities
  • Space Type: New

Property Flyers
Grnd Floor Ste Retail 1,200-18,586 SF Rate Upon Request
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Negotiable
  • Space Type: New
Mezz Floor Ste Retail 16,019 SF Rate Upon Request
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Negotiable
  • Space Type: New
Mezz Floor Ste Retail 6,500 SF Rate Upon Request 
BKLYN’S Dining Room provides the opportunity to
build the premier destination restaurant in Downtown
Brooklyn at City Point, whose tenants boasted over
$300 million in combined sales in the first year alone.
The space is situated above DeKalb Market Hall, one
of the busiest and highest grossing market halls in the
country, and below Alamo Drafthouse Cinema, the
third highest grossing movie theatre in New York City.
As an integral component of City Point’s makeup,
BKLYN’s Dining Room has the potential to carve out a
significant imprint on the New York restaurant scene.
BKLYN’s Dining Room is located within a five-minute
walk of 11 subway lines in the middle of the country’s
fastest growing downtown neighborhood. The space is
accessed through one of City Point’s most highly
trafficked entrances, which services Metrotech
Center, a 35,000-employee office center who visit City
Point daily for lunch and dinner. BKLYN’s Dining Room
also features a dining terrace that directly overlooks
the future Willoughby Square Park, a beautiful oneacre
park that will host neighborhood programming.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Negotiable
  • Space Type: New

Description 

City Point is a 1.9 million square foot destination bringing together residential, commercial, retail, and food in a 21st century center the borough has never seen before. Our neighborhood is an eclectic mix of locals, visitors, professionals, and students, many of whom are within walking distance of City Point. City Point is located in the heart of Downtown Brooklyn, the fastest growing downtown neighborhood in the United States in the middle of the fastest growing county in New York State, is within a five minute walk of 12 subway lines, and features an on site entrance to the B,Q, and R trains.

Designed by COOKFOX Architects, SLCE, and Gensler, this award-winning development contains almost 700,000 square feet of commercial space below three residential towers. City Point has found tremendous success during the transformation of the retail sector. By opening a unique mix of entertainment, local stores, and e-commerce brands that shoppers are unable to find anywhere else, City Point has excited consumers by curating a unique experiential retail center. City Point is host to Century 21, the first new department store in the Fulton Mall area in 50 years, Alamo Drafthouse Cinema, the first new movie theater in Downtown Brooklyn since the 1940s, Target, Trader Joe’s, and Prince Street Shops, and BKLYN STUDIOS. City Point’s concourse instantly transformed Downtown Brooklyn from a food desert into a top food destination in New York City. The concourse is highlighted by Trader Joe’s, Han Dynasty, Fortina, and the DeKalb Market Hall, a food hall that is host to 40 of New York’s most famous local culinary staples.

Highlights

City Point is a 1.9 million square foot destination bringing together residential, commercial, retail, and food in a 21st century center.

Major Tenants

Tenant SF Occupied Lease End Date
Alamo Drafthouse Cinemas
Century 21
Dekalb Market Hall
Flying Tiger
Target
Trader Joes
Larry Roberts 212-906-9090 Arch Brokerage Ltd.
Larry Roberts 212-906-9090 Arch Brokerage Ltd.