Huge 4th Avenue Development Site in Contract
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…
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
What's Your Take? Leave a Comment