153-157 9th Street & 124 8th Street

Gowanus, NY

View Offering Memorandum

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

Property Flyer

124 8th Street Flyer

Team

Patrick Madigan

Director
Avison Young - US - NY - New York
212 729 1623

Fritz Richter

Director
Avison Young - US - NY - New York
212 735 8554

Joseph Moran

Associate Director
Avison Young - US - NY - New York
917 842 6051

Miles Davis-Bosch

Senior Associate
Avison Young
212 277 5557