Gowanus Commercial Conversion Opportunity

127 12th street


Size 26,627 SF
Cross Streets 2nd + 3rd Avenues
Outdoor Parking 1,500 SF
Opportunity Zone Yes
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Commercial Conversion 127 12th street, Gowanus
Dan Marks
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Air rights 8,373 SF
Lot SF 17,500 SF
Zoning M2-1
Total Buildable SF 35,000 SF


TerraCRG has been retained to exclusively represent ownership in the sale of an industrial building at 127 12th Street in Gowanus, Brooklyn.

Located within an opportunity zone, the property represents a strong location for a creative commercial conversion with industrial features. 127 12th street is a 27,000 SF (above grade) building with 39,000 gross SF along with 1,500 SF of outdoor parking. With a 2.00 base FAR, the site has a total 35,000 buildable SF and an additional 8,000 SF in available air rights.


Over the past decade, Gowanus has been undergoing a major transformation. Just around the corner from the property there are several new neighborhood amenities open or slated to open. The Collective Arts Brewery, a Canadian brand, is soon to open a huge craft brewery and events space, Gowanus Crossfit recently opened, and the Yard, a multilevel, trendy coworking space is also open for business.

127 12th Street is surrounded by renowned retail options along Third Avenue including Surfish Bistro, Table 87, Lucey’s Lounge, Four and Twenty Blackbirds, The Bell House, Halyards, Lowlands Bar, and Bar Tano. Lowes and Home Depot are also one block away.

Surfish Bistro
Table 87
Lucey’s Lounge
Four and Twenty Blackbirds
The Bell House
Lowlands Bar
and Bar Tano. Lowes and Home Depot

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