JLL has been exclusively retained to arrange the leasehold position for 560 Sterling Place (the “Property” or “Site”), located on the corner of Classon Avenue and Sterling Place at the crossroads of Prospect Heights and Crown Heights in Brooklyn, New York. The Property, located in an R6A zoning district, features 88’ of frontage on Classon Avenue and 85’ of frontage along Sterling Place, and provides a rare opportunity to acquire a leasehold interest for the redevelopment of the existing 31,530 SF school building into a sizable, luxury residential asset. The Property will attract an abundance of young renters seeking convenient access to public transportation and neighborhood amenities including Prospect Park, the Brooklyn Library and the Lefrak Center.