143 9th St - 143 9th Street 0.06 Acres of Commercial Land Offered at $2,361,001 CAD in Brooklyn, NY 11215

INVESTMENT HIGHLIGHTS

  • Gowanus Development Site Zoned R6B/M1-4/MX-25 with 5,000 Buildable Square Feet
  • Adjacent to the Gowanus Rezoning which is Expected to Bring Approximately 8,500 Units of New Housing to the Neighborhood
  • Local Condominium Prices Reaching $1,200 – $1,400 PSF and Residential Rents Reaching $65 – 75 PSF
  • One Block Away from the Smith / 9th Street F & G Train and Two Blocks from the 4th Avenue / 9th Street F, G & R Trains

PROPERTY FACTS Under Contract

Price $2,361,001 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.06 AC

1 LOT AVAILABLE

Lot

Price $2,361,001 CAD
Price Per AC $41,138,163.60 CAD
Lot Size 0.06 AC

DESCRIPTION

143 9th Street is a frame three story 2,550 square foot 5-unit building located between 2nd and 3rd Avenue in the Gowanus section of Brooklyn, NY. The building is built 25 x 34 feet on a 25 x 100-foot lot (Block 1002 / Lot 55). The building is zoned R6B/M1-4/MX-25 allowing for significant redevelopment opportunities. The total buildable square feet as of right is 5,000 square feet. Condominium sales in similar developments have breached $1,400 per square foot and residential rents have breached $75 per square foot. Currently the building is vacant. A large fire occurred on December 21st, 2023, that did significant damage to the property. The subject properties are located one block away from the Smith / 9th Street serviced by the F & G lines and two blocks away from the 4th Avenue / 9th Street serviced by the F, G & R lines. This development site is just a few blocks away from the recently approved Gowanus rezoning. This 82-block swath of Gowanus is projected to contribute approximately 8,500 units of new housing, 3,000 permanently affordable; 6 acres of new open space along a cleaned-up Gowanus Canal; new commercial and community space; and thousands of jobs.

Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
  • Listing ID: 34084600

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 143 9th St, Brooklyn, NY 11215