544-550 Union St - Development Opportunity
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544-550 Union St - Development Opportunity
0.17 Acres of Commercial Land in Brooklyn, NY 11215
Investment Highlights
- Situated in Gowanus, Brooklyn, at the heart of a vibrant neighborhood.
- A spacious lot of 80x90, providing ample space for development.
- With generous lot size and favorable zoning, the potential for various commercial developments is unlimited
- Benefiting from M1-4 / R6A zoning
- Currently accommodating three mixed-use properties, showcasing the area's evolution and potential
- Gowanus is rapidly expanding, making it an appealing location for businesses and residents alike
Executive Summary
***Development Opportunity***
Explore a prime development site in the heart of Gowanus, Brooklyn, ideally situated in a thriving neighborhood. With M1-4 / R6A zoning, this property offers immense potential for a variety of commercial and light industrial projects. The lot spans 80x90, with a favorable FAR of 3.6, allowing for a total buildable area of 27,551 square feet.
Currently home to three mixed-use properties, this site captures the spirit of Gowanus’s ongoing transformation into a hub of innovation and growth. The generous lot size and advantageous zoning provide endless possibilities for versatile commercial development.
As Gowanus continues to emerge as a cultural and economic center, this opportunity positions you at the forefront of the neighborhood's evolution. It’s more than just a place for business—it’s a chance to join and shape a dynamic, expanding community.
Discover the buzz in Gowanus:
See what’s new in the neighborhood!
https://youtu.be/6DKrI1_aLQM
Explore a prime development site in the heart of Gowanus, Brooklyn, ideally situated in a thriving neighborhood. With M1-4 / R6A zoning, this property offers immense potential for a variety of commercial and light industrial projects. The lot spans 80x90, with a favorable FAR of 3.6, allowing for a total buildable area of 27,551 square feet.
Currently home to three mixed-use properties, this site captures the spirit of Gowanus’s ongoing transformation into a hub of innovation and growth. The generous lot size and advantageous zoning provide endless possibilities for versatile commercial development.
As Gowanus continues to emerge as a cultural and economic center, this opportunity positions you at the forefront of the neighborhood's evolution. It’s more than just a place for business—it’s a chance to join and shape a dynamic, expanding community.
Discover the buzz in Gowanus:
See what’s new in the neighborhood!
https://youtu.be/6DKrI1_aLQM
Property Facts
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.17 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 0.17 AC |
| Lot Size | 0.17 AC |
This property comprises three mixed-use buildings on a generous 80x90 lot, with a favorable FAR of 3.6. It benefits from advantageous M1-4 / R6A zoning, offering great potential for development and investment.
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $201,600 | |
| Land Assessment | $322,650 | Total Assessment | $524,250 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$322,650
Improvements Assessment
$201,600
Total Assessment
$524,250
zoning
| Zoning Code | M1-2, |
| M1-2, |
-
Arlene Waye -
Century 21 Awaye Realty
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544-550 Union St - Development Opportunity
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