Rendering of the proposed site.

The YDE School of 49 Avenue T in Gravesend is picking up and moving to 2533 Coney Island Avenue in Sheepshead Bay.

In a report by Commercial Observer, YDE, a private Jewish school, has leased out a plot of land in a space previously occupied by a Ford Dealership and repair shop for the past 40 years.

The location features a 25,000 square foot one story building and a 25,000 square foot parking lot. The rarity of a deal involving so much space and potential was noted by the deal’s broker,

It is unusual for a 50,000-square-foot plot with tremendous air rights and development possibility to come available in Brooklyn like this,” said Zach Mishaan, a senior managing director at WinickRealtyGroup and broker on the transaction, in a prepared statement. “They have unlimited development rights that they can enjoy over the entire term of the lease and the site will offer them tremendous growth potential for years to come.”

YDE plans to open the school in 2013, starting it off as a high school, but eventually expanding it to all grades. They hold a 30-year lease on the property.

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  • concerned neighbor

    How did this get passed ?
    was it ever brought in front of cb15
    since parking will be limited especially with all teachers and high school students looking for parking

    • http://www.sheepsheadbites.com/ Ned Berke

      I believe this is as-of-right, which means it would not need CB or BSA approval.

  • Local Broker

    “They have unlimited development rights” Thats funny

  • http://www.flickr.com/photos/lisanne001 Lisanne!

    So are they are just leasing the northern property that was used by Popular. Or are they leasing the property on the other side of the library as well?.

  • Wtf

    I live not too far from here. And I deff don’t approve. Where will these high schoolers whom drive their parents leased cars parkt? Where will faculty and staff park?

  • cb15 suks

    where is teresa scavo when you need her

  • Alex

    How did this get approved? (Wait, don’t answer). Traffic nightmare, oh we needed you so badly on Coney Island ave