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Industrial

150-152 2nd Avenue

2nd Ave, Brooklyn, NY 11215

Listing Price: $1,830,000

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 150-152 2nd Avenue, a development site located on the corner of 2nd Avenue and 12th Street in the Gowanus neighborhood of Brooklyn, New York. The subject property is a 47 ft x 97.83 ft, M2-1 zoned lot (Block: 01025 Lot: 0043) and allows for a total of 9,196 buildable square feet as-of-right.

150-152 2nd Avenue is strategically located just four blocks away from the 4th Avenue "F" and "G" and 9th Street "D", "N", "R" and "W" subway stations. The subject property is also directly across the street from Lowes and Pathmark, a site that Two Trees purchased back in 2018 for a total of $115MM. Developers, owner-users and investors can purchase a strategically located development site in a growing Gowanus neighborhood. The purchaser can capitalize on the close proximity to public transportation as well as steady growth in commercial property values and rents.

Investment Highlights

  • Allows for a Total of 9,196 Buildable SF as-of-right
  • Directly Across the Street from Lowes & Pathmark
  • Steps from Public Transportation on 4th Avenue and 9th Street
  • Located Within a Qualified Opportunity Zone
  • Cash-Flow in Place with 26 Months Remaining on the Lease

Exclusively Listed By

Industrial

150-152 2nd Avenue

Investment Highlights

  • Allows for a Total of 9,196 Buildable SF as-of-right
  • Directly Across the Street from Lowes & Pathmark
  • Steps from Public Transportation on 4th Avenue and 9th Street
  • Located Within a Qualified Opportunity Zone
  • Cash-Flow in Place with 26 Months Remaining on the Lease

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 150-152 2nd Avenue, a development site located on the corner of 2nd Avenue and 12th Street in the Gowanus neighborhood of Brooklyn, New York. The subject property is a 47 ft x 97.83 ft, M2-1 zoned lot (Block: 01025 Lot: 0043) and allows for a total of 9,196 buildable square feet as-of-right.

150-152 2nd Avenue is strategically located just four blocks away from the 4th Avenue "F" and "G" and 9th Street "D", "N", "R" and "W" subway stations. The subject property is also directly across the street from Lowes and Pathmark, a site that Two Trees purchased back in 2018 for a total of $115MM. Developers, owner-users and investors can purchase a strategically located development site in a growing Gowanus neighborhood. The purchaser can capitalize on the close proximity to public transportation as well as steady growth in commercial property values and rents.

Exclusively Listed By

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