MEMORANDUM OF CONTRACT: 836,610 square feet in Brooklyn

RXR Realty through the entity RXR 196 Willoughby Owner LLC signed a memorandum of contract with Long Island University for 3 parcels, including the tax class colleges and universities (W6) at 190 Willoughby Street, 161 Ashland Place, in Brooklyn. The memorandum was signed on July 18, 2019 and was recorded on August 05, 2019.
The property contains a total of 836,610 square feet of built space. The property has 143,506 square feet of available development rights.

Over the past five years, there have been 21 NYC Department of Buildings permit applications filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $550,000. There were 19 renovation/alteration projects (A2) applied for with a total estimated value of $6,357,153.There has been one new building permit application totaling 16,306 square feet.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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