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Attributes
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Asset Description
JLL has been retained on an exclusive basis to arrange for the sale of 413 Bond Street and 148 3rd Street (the “Property” or “Assemblage”), located within the Gowanus Rezoning District. This commercial and community facility development opportunity consists of two adjacent lots on the same block in the rapidly growing Gowanus neighborhood of Brooklyn. The Property benefits from the neighborhood rezoning effort, which has been certified by the City Planning Commission.
As Gowanus is rapidly evolving into Brooklyn’s next development frontier, this asset is perfectly positioned to benefit from the areas upzoning, rising rents and growing desirability of the submarket. The Property is ideally situated within the heart of the Gowanus, offering a developer approximately 163,176 ZFA for a commercial / community facility development.
Investment Highlights
Tax Class 4
Lot Size: 33,995 SF
Zoning Designation: M1-4 (Subarea B2)
4.8 FAR
Total Development Rights: 163,176 BSF