Gowanus at a Glance
Gowanus, whose name is derived from the canal that splits the neighborhood in half, has undergone an amazing transformation in recent years. Industrial buildings have been converted to co-working spaces, and former manufacturing buildings converted to restaurants, music venues, and art galleries. The area is also on the verge of a major mixed-use rezoning which will bring online more than 8,200 apartments, an influx of residential density and increased commercial activity that is sure to boost the ongoing demand for commercial space.
$547,550,000 Total Dollar Volume in 2025
17 Total Transactions in 2025
$32,208,824 Total Avg. Price in 2025
Residential Market: 2025
Multifamily Total Dollar Volume
$ 32,100,000
Mixed-Use Total Dollar Volume
$ 229,225,000
Resi. Development Total Dollar Volume
$ 264,000,000
Industrial Total Dollar Volume
$ 1,100,000
Investment Sales: 2025
Total Dollar Volume of Investment Sales
$547,550,000
Avg Industrial PPSF
$440
Avg Multifamily Sale PPSF
$564
Avg Development Site Sale PPBSF
$266
Transportation
Subways
Buses
B103
Neighborhood Vibes
Take a walk down Third Avenue to discover restaurants, coffee shops, art galleries, and neighborhood-based retail. The Royal Palms is a singular neighborhood attraction. The shuffleboard club and game hall features a bar and rotating food truck options.
The Gowanus Canal
The future looks bright for one of New York City's few canals, as efforts to clean it up have received the attention and funding of the federal government.
Royal Palms
The shuffleboard club's Monday and Tuesday night league is the largest in the world.
Neighborhood Attractions
