415 Smith St
Brooklyn, NY 11231

The BoroLogistics team at CBRE has been retained on an exclusive basis to represent ownership in the sale of 415-419 Smith Street, an existing 6,323 square foot warehouse with development potential located in the Carroll Gardens/Gowanus section of Brooklyn. 415-419 Smith Street is currently a 63’ wide, one-story building built full to the lot size which will be delivered vacant. While the property is currently split-zoned M1-1 & R6B/C2-4, it is poised to benefit from the Gowanus rezoning as the site is soon to be up-zoned to a maximum FAR of 2.2 and permit residential, retail/entertainment and community facility uses. The lot measures approximately 6,323 square feet and will contain 13,911 buildable SF. The subject property’s prime location on the border of Carroll Gardens and Gowanus, two of the Borough’s most sought-after neighborhoods, presents a tremendous opportunity for both residential and commercial developers as well as users. Additionally, the property offers unique optionality as it can be leased out in its current form to a retail or commercial tenant and land banked while the rezoning is approved, and the surrounding area continues to develop.