Closed 03/01/2024

13,000 BSF Gowanus Development Site

550 Union street


Closed 03/01/2024 at

Cross Street Nevins St / 3rd Ave
Lot Footprint 40 ft x 90 ft
Lot SF 3,600
Existing Buildings, SF 4,552
Other Transportation
Long Island Rail Road
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Development 550 Union street, Gowanus
Dan Marks
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Zoning M1-4/R6A (G)
Gross ZFA 12,960
Stories 2


TerraCRG has been retained to exclusively represent ownership in the sale of 550 Union Street – a 13,000 BSF development site located in the rapidly growing Gowanus neighborhood of Brooklyn.

The offering presents the opportunity for a mixed-use residential development with M1-4/R6A (G) in place zoning. The existing 4,552 SF industrial buildings also present the option for a conversion or redevelopment.

The 40 ft x 90 ft site is located between Nevins Street and Third Avenue surrounded by several sizeable development projects that are in the pipeline, under construction and recently completed. 550 Union Street is just one block from the R train at the Union Street/4th Avenue subway stop. The 2, 3, 4, 5, B, D, N, Q, R, W and LIRR trains are about a half mile from the property at Atlantic Terminal.

Due in large part to the area wide rezoning in 2021, Gowanus has seen a redevelopment revolution and has been transformed from an industrial neighborhood to one of New York City’s most desirable hubs for residential, office, retail, and the arts.


Four & Twenty Blackbirds
Whole Foods
Three's Brewing
Oaxaca Taqueria

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