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Warehouse

557-567 3rd Avenue

557-567 3rd Avenue, Brooklyn, NY 11215

Listing Price: $9,500,000

Gross SF
31,850
Price/Gross SF
$298.27
Lot Size
0.24 acres
Year Built
1931
Rentable SF
31,850

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 557-559, 561-563 & 565-567 3rd Avenue, a development site located on the corner of 3rd Avenue and 15th Street in Gowanus, Brooklyn (Block: 1040 Lots: 5,3,1) The subject site is a 126.67 ft x 90 ft, C2-4 / R6A zoned lot. The site totals approximately 31,850 gross buildable square feet. The property is currently home to three warehouse buildings totaling approximately 10,600 square feet that will be delivered vacant. The subject properties are located five blocks from the 4th Avenue / 9th Street subway station, serviced by the F, G & R lines. This corner development site is just a few blocks away from the recently approved Gowanus rezoning. This 82-block swath of Gowanus is projected to contribute approximately 8,500 units of new housing, 3,000 permanently affordable; 6 acres of new open space along a cleaned-up Gowanus Canal; new commercial and community space; and thousands of jobs.

Investment Highlights

  • Gowanus Corner Development Site Zoned C2-4 / R6A with approximately 31,850 Buildable Square Feet
  • Local Condominium Prices Reaching $1,200 – $1,500 PSF and Residential Rents Reaching $60 – 70 PSF
  • Adjacent to the Gowanus Rezoning which is Expected to Bring Approximately 8,500 Units of New Housing to the Neighborhood
  • Existing 10,600 SF Warehouse Building on a 126.67 x 90 Foot Irregular Lot
  • Five Blocks from the 4th Avenue / 9th Street F, G & R Trains

Exclusively Listed By

Warehouse

557-567 3rd Avenue

Listing Price: $9,500,000

Gross SF
31,850
Price/Gross SF
$298.27
Lot Size
0.24 acres
Year Built
1931
Rentable SF
31,850

Investment Highlights

  • Gowanus Corner Development Site Zoned C2-4 / R6A with approximately 31,850 Buildable Square Feet
  • Local Condominium Prices Reaching $1,200 – $1,500 PSF and Residential Rents Reaching $60 – 70 PSF
  • Adjacent to the Gowanus Rezoning which is Expected to Bring Approximately 8,500 Units of New Housing to the Neighborhood
  • Existing 10,600 SF Warehouse Building on a 126.67 x 90 Foot Irregular Lot
  • Five Blocks from the 4th Avenue / 9th Street F, G & R Trains

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 557-559, 561-563 & 565-567 3rd Avenue, a development site located on the corner of 3rd Avenue and 15th Street in Gowanus, Brooklyn (Block: 1040 Lots: 5,3,1) The subject site is a 126.67 ft x 90 ft, C2-4 / R6A zoned lot. The site totals approximately 31,850 gross buildable square feet. The property is currently home to three warehouse buildings totaling approximately 10,600 square feet that will be delivered vacant. The subject properties are located five blocks from the 4th Avenue / 9th Street subway station, serviced by the F, G & R lines. This corner development site is just a few blocks away from the recently approved Gowanus rezoning. This 82-block swath of Gowanus is projected to contribute approximately 8,500 units of new housing, 3,000 permanently affordable; 6 acres of new open space along a cleaned-up Gowanus Canal; new commercial and community space; and thousands of jobs.

Exclusively Listed By

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