153-157 9th Street & 124 8th Street
Gowanus, NY
Overview
Summary
- 153-157 9th Street Asking Price $6,250,000
- 124 8th Street Asking Price $2,250,000
Avison Young As the exclusive agent is pleased to offer the sale of 153-157 9th Street (the “site”) & 124 8th Street (the “property”) in Gowanus. 153-157 9th Street is an assemblage of three (3) contiguous vacant lots measuring 82.5’ x 100’ SF situated on the north side of 9th Street between 2nd Avenue and 3rd Avenue. The site was recently upzoned to M1-4/R6B, which allows for 2.00x FAR for Residential/Commercial Use (or 2.20x FAR with an Inclusionary housing bonus) for a total of 18,150 BSF for residential use. Additionally, 3,000 SF of unused commercial air rights from 124 8th Street have been transferred into the assemblage allowing for a 21,150 BSF mixed-use project on the lots.
Highlights
Shovel-ready site
Generous prospective layout potential to maximize efficiency for residential development
Demand for housing
485x 35-year tax abatement
R6B
Recently upzoned site
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