189 1st St
Brooklyn, NY 11215
Industrial Property For Sale

The subject property is built full on an irregular 50 ft x 140 ft M1-2 zoned lot (Block:00454 Lot:0033). The subject property totals 6,680 square feet and will be delivered completely vacant at the time of sale. The existing zoning provides as-of-right 13,360 buildable square feet or 32,064 bsf for community facility. However on January 30, 2019, NYC City Planning released a draft rezoning proposal in which the property was designated as "Upland-Carroll & 3rd¬¬", suggesting an enhanced mixed-use neighborhood. Under that zoning the property offers the same square footage, but allows for a mixed-use project with mandatory allocation for inclusionary housing. 189 1st Street is located four blocks away from the Union Street "R" and five blocks away from the Carroll St. “F” and “G” subway stations. Investors and users have the opportunity to purchase this single-story commercial building in the popular Gowanus neighborhood where commercial rents and property values remain strong. The purchaser can capitalize on the close proximity to public transportation as well as the opportunity to significantly grow income by filling the commercial vacancy and ultimately redeveloping the site with a number of different uses.