January 4, 2022

Tavros, Charney pick up Gowanus dev site for $100M

With the ink barely dry on the Gowanus rezoning, one of the neighborhood’s larger development properties has traded hands.

Tavros Capital and Charney Companies bought a full-block site at 318 Nevins Street along the Gowanus Canal from Property Markets Group for $100 million, a spokesperson for the buyers told The Real Deal.

Tavros, founded by partners Dov Barnett and Nicholas Silvers, and Sam Charney’s Charney Companies plan to build approximately 660 rental apartments on the property, which has more than 500,000 square feet of buildable space.

It’s one of the first major properties to trade hands since late November, when the City Council approved the rezoning of the largely manufacturing neighborhood to allow mixed-use developments across a roughly 82-block area. City officials estimate the change will allow for more than 8,500 new apartments, 3,000 of which will be set aside as income-restricted.

Developers such as Rabsky Group, Monadnock Development and Avery Hall Investments have recently filed plans for projects in the neighborhood.

Last week, RXR Development and LBA Logistics paid $123 million for a 760,000-square-foot industrial portfolio on the canal.

The property at 318 Nevins Street sits between Union and Carroll Streets on the eastern side of the canal. Kevin Maloney’s PMG, one of the earliest investors in the neighborhood, paid $14 million for it in 2012, according to property records. TerraCRG brokered the sale to Tavros and Charney on behalf of PMG.

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