Gowanus Warehouse Sells for $14 million


Hurricane Sandy doesn’t seem to have dampened enthusiasm for Gowanus real estate. Last month, luxury residential developer Property Markets Group bought a Gowanus warehouse across the canal from the Lightstone Group’s controversial project for $14 million, DNAinfo reported yesterday. As of now, the firm said, it has no particular plans for the 25,000-square-foot property at 318 Nevins Street except to rent it out. Verizon has rented the building for decades and uses it as a hub for field technicians, but they plan to relocate to 3rd Avenue and 3rd Street, according to DNAinfo.
Luxury Residential Developer Buys Gowanus Warehouse for $14 Million [DNAinfo]
Photo by Leslie Albrecht for DNAinfo