718-489-8333
255 Butler St, Brooklyn, NY for Sale
Warehouse - FOR SALE
1/3
null | Request Cap Rate

255 Butler St
Brooklyn, NY 11217
Gowanus


HIGHLIGHTS

  • Large Scale Residential Development Opportunity
  • 87,000 Total Buildable SF
  • 17,500 SF Footprint
  • M1-4/R7X, M1-4/R6A (G)

OVERVIEW

TerraCRG has been retained to exclusively market for sale the residential development portion of 222 Nevins Street, a prime development opportunity located in the heart of Gowanus, Brooklyn. The offering includes a 17,500 square foot parcel located at the corner of Nevins Street and Baltic Street—positioned within one of the most transformative and active development zones in New York City. The Gowanus neighborhood was rezoned in 2021 to allow for residential and mixed-use development, sparking a wave of large-scale projects across the area. 222 Nevins Street stands out as one of the few remaining sizable development sites in the neighborhood, offering 87,000 buildable square feet across two zoning designations: approximately 10,000 SF is zoned R7X/M1-4 and 7,500 SF is zoned R6A/M1-4. The existing multistory commercial building on the adjacent lot is not included in the offering. This offering presents a rare opportunity to develop a substantial residential project in a rapidly growing and well-connected Brooklyn neighborhood, making it an ideal fit for developers seeking scale, connectivity, and long-term value in one of NYC’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gowanus Large-Scale Residential Development

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1914

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89

LAND SF

38,949

ZONING

M-1-4/M1-4/R7X

APN/PARCEL ID

00405-0027

ASK ABOUT THIS PROPERTY

Daniel MarksTerraCRG Brooklyn Commercial Real EstateMore Info
718-489-8333

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Daniel MarksTerraCRG Brooklyn Commercial Real EstateMore Info
718-489-8333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.