526 BALTIC STREET

For Sale - Brooklyn - Gowanus

$15,000,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Industrial
Neighborhood
Gowanus
Property Dimensions
125.0 x 100.0
Property Area
12,500 sq.ft.
Total Units:
1
Stories:
1
NOI
Contact Agent
Price
$15,000,000
Price Per Unit
$15,000,000
Cap Rate
-%

Listing Description

• 526 Baltic Street features a 125’ x 100’ lot located on the south side of Baltic Street between Nevins Street and 3rd Avenue.
• Situated on a M1-2 zoned land, with an as-of-right FAR of 2.0, allowing up to 25,000 buildable SF providing significant opportunity for retail and industrial development.
• The property is located on the northern side of the Gowanus rezoning, which suggests an increase in FAR to 6, allowing up to 75,000 buildable SF, encouraging mixed-use development for residential and commercial uses.
• The property offers developers the rare opportunity to acquire a potentially large scale project in one the best areas in Brooklyn at a low basis based off future value.
• Property is improved by 12,500 SF commercial building that is currently being utilized as indoor tennis courts.
• Located within two blocks of 5th Avenue, one of the major retail corridors of Brooklyn with many restaurants, bars and retailers.

Property Details

Block/Lot:
406/18
Lot Dimensions
125.0 x 100.0
Lot Area
12,500 sq.ft
Zoning:
M1-2
FAR as Built:
1.0
Max FAR:
4.8
D.J. JohnstonB6 Real Estate Advisors
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