The large development site on the corner of 11th Street and 4th Avenue in Gowanus is in contract, according to broker TerraCRG’s online listing. The asking price is $20,000,000. The site at 470 4th Avenue was amassed out of seven tax lots and nine buildings, most of them row houses. The 12,690-square-foot site allows for 79,626 buildable square feet of residential, and any buyer is likely to put up a mixed-use residential building with storefront retail. Demo on the existing buildings has already started, and the lot will be delivered vacant. At ask, the price works out to be $1,576.04 per square foot, according to the broker.

Marketing Starts for Huge 4th Avenue Development Site [Brownstoner]
Demo for Nine Buildings on 4th Avenue and 11th Street
[Brownstoner] GMAP
Image by TerraCRG


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