189 - 193 1 STREET

For Sale - Brooklyn - Gowanus

$4,250,000

Net Operating Income: $0

Ic expand

Key Details

Property Type
Industrial
Neighborhood
Gowanus
Property Dimensions
50.0 x 140.0
Property Area
6,680 sq.ft.
Total Units:
1
Stories:
1
NOI
_
Price
$4,250,000
Price Per Unit
$4,250,000
Cap Rate
-%

Listing Description

The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 189-193 1st Street. The subject property is located between 3rd Avenue and 4th Avenue in the Gowanus section of Brooklyn, New York. The property is currently configured as a 6,680 square foot M1-2 zoned warehouse with a FAR of 2, allowing for an additional 6,680 square feet of unused air rights.

Based on The Gowanus Rezoning Model, this property will capitalize on R6B zoning with a FAR of 2, allowing for an additional 6,680 square feet of unused air rights. This asset offers owner users, developers and investors the unique opportunity to purchase a turn-key warehouse and to capitalize on the rapid development and growth in commercial rents and property values based on the current upzoning occurring in this section of Brooklyn.

· Vacant 6,680 Square-Foot Turn-Key Warehouse
· Property Located Within Gowanus Rezoning
· Recent Survey, Phase 1 & 2, Title Report Available Upon Request
· 12-14 ft Ceilings – No Interior Columns; 12 Large Sky Lights, 12 ft Driveway
· Upzoning FAR Remains at 2.0 but Allows for Residential Development (R6B)
· Union St (R) to All Atlantic Ave Lines; 4 Av-9 St (F, G, R), Carroll St (F, G)

Property Details

Block/Lot:
454/33
Lot Dimensions
50.0 x 140.0
Lot Area
6,680 sq.ft
Zoning:
M1-2
FAR as Built:
1.0
Max FAR:
4.8
Jakub NowakThe Nowak Group
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
327 BOND STREET$22,496,82007/23/2018Industrial
319 BOND STREET$36,526,79007/23/2018Industrial
BOND STREET$1,976,39007/23/2018Industrial
139A 12TH STREET$850,00005/01/2018Industrial
1 11TH STREET$53,000,00004/12/2018Industrial
462 BALTIC STREET$1,566,00004/02/2018Industrial
80 4TH STREET$12,800,00003/29/2018Industrial
420 CARROLL STREET$47,500,00002/07/2018Industrial
105 14TH STREET$4,900,00001/17/2018Industrial
502-506 3RD AVENUE$3,200,00012/21/2016Industrial