Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 341 Nevins Street – a corner development site in Gowanus, Brooklyn.

The offering represents a corner development lot in Gowanus that could be developed into several uses including residential, retail or office. The ~4,100 SF lot is located on the corner of Nevins and Carroll Street, a well-positioned intersection surrounded by several sizeable development projects that are in the pipeline, under construction and recently completed. With 130’+ of frontage across the two corners the property is currently located in the middle of the proposed Gowanus Rezoning. The draft framework would rezone this particular lot to R6A/M1-3, allowing for ~14,760 BSF with the MIH, ~12,300 BSF without the MIH or ~12,300 BSF of commercial uses.

Over the past few years, Gowanus has been transformed from an industrial neighborhood into a hub for residential, office, retail and the arts. The property is situated in the proposed Gowanus Rezoning area that will transform the neighborhood into a vastly mixed-use area. The frameworks vision and goals include strengthening existing clusters of light industrial and commercial activity and promote new, job-generating uses, including industrial, arts and cultural uses; Encouraging and reinforcing a vibrant, live-work neighborhood by balancing preservation of neighborhood scale and encouragement of growth; and promoting the creation of an active, accessible, resilient and diverse waterfront esplanade that celebrates the unique nature of the Gowanus Canal.