When privately held real estate investment firm RXR Realty closed on its $194.5 million purchase of 470 Vanderbilt Avenue in February 2014, it was seen as a harbinger of things to come for the neighborhood around the 650,000-square-foot, 10-story building.
RXR had never bought anything in downtown Brooklyn before, and that area of downtown Brooklynnear Barclays Center and the Atlantic Yards mega-projecthad been changing. To keep up with that change, RXR quickly set about starting a $74 million renovation and upgrade of 470 Vanderbilt. The idea, according to the firm, was to make the building one of the most state-of-the-art assets in this emerging neighborhood.
The endgame, the firm says, is to make 470 Vanderbilt more attractive to technology and creative firms, perhaps luring them from their traditional Brooklyn habitat of Dumbo. Networking system Switchnet leases space in the building, and Aereo, the TV-sharing service that went out of business in 2015, had space there as well.
Other tenants include the City of New York and The League Education & Treatment Center, a 50-year nonprofit serving children and adults with developmental disabilities. ¾-TA
- Address 470 Vanderbilt Avenue
- neighborhood Grand Central
- borough Brooklyn
- owner RXR Realty
- floors 10
- Year Built 1915
- square feet 650,000
- block and lot 3-02009-0001
- BIN 3335094
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- Event Office Leasing
- Address 470 Vanderbilt Avenue
- Neighborhood Fort Greene
- Borough Brooklyn
- Square feet 59,000
- Price per foot $ 39.00
- Publication Date 02/16/2019
- Event Date 02/11/2019
- Party 1 RXR Realty
- Party 1 Brokerage RXR Realty
- Party 1 Broker Daniel Birney, Alexandra Budd
- Party 2 ResCare Workforce Services
- Party 2 Brokerage CBRE
- Party 2 Broker David Hollander, Brad Auerbach, Eric Steiner
- Event Office Leasing
- Address 470 Vanderbilt Avenue
- Neighborhood Bedford-Stuyvesant
- Borough Brooklyn
- Square feet 400,000
- Publication Date 12/01/2011
- Event Date 10/22/2011
- Party 1 GFI Development
- Party 1 Brokerage CBRE
- Party 1 Broker Gary Kamenetsky
- Party 2 New York City Human Resources Administration
- Party 2 Brokerage Cassidy Turley
- Party 2 Broker Peter Hennessy
- Event Office Leasing
- Address 470 Vanderbilt Avenue
- Neighborhood Bedford-Stuyvesant
- Borough Brooklyn
- Square feet 62,400
- Price per foot $ 25.00
- Publication Date 09/01/2009
- Event Date 07/23/2009
- Party 1 GFI Development Company
- Party 1 Brokerage CBRE
- Party 1 Broker Gary Kamenetsky, Brian Gell
- Party 2 New York City Housing Authority
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Matthew Astrachan, Shawna Menifee