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Gowanus Large-Scale Residential Development 222 Nevins St 17,500 SF Industrial Building Brooklyn, NY 11217 For Sale
Investment Highlights
- Large-Scale Residential Development Opportunity
- 17,500 SF Footprint
- 87,000 Total Buildable SF
- R7X / R6A / M1-4
Executive Summary
TerraCRG has been retained to exclusively market for sale the residential development portion of 222 Nevins Street, a prime development opportunity located in the heart of Gowanus, Brooklyn. The offering includes a 17,500 square foot parcel located at the corner of Nevins Street and Baltic Street—positioned within one of the most transformative and active development zones in New York City.
The Gowanus neighborhood was rezoned in 2021 to allow for residential and mixed-use development, sparking a wave of large-scale projects across the area. 222 Nevins Street stands out as one of the few remaining sizable development sites in the neighborhood, offering 87,000 buildable square feet across two zoning designations: approximately 10,000 SF is zoned R7X/M1-4 and 7,500 SF is zoned R6A/M1-4. The existing multistory commercial building on the adjacent lot is not included in the offering.
This offering presents a rare opportunity to develop a substantial residential project in a rapidly growing and well-connected Brooklyn neighborhood, making it an ideal fit for developers seeking scale, connectivity, and long-term value in one of NYC’s most dynamic submarkets.
The Gowanus neighborhood was rezoned in 2021 to allow for residential and mixed-use development, sparking a wave of large-scale projects across the area. 222 Nevins Street stands out as one of the few remaining sizable development sites in the neighborhood, offering 87,000 buildable square feet across two zoning designations: approximately 10,000 SF is zoned R7X/M1-4 and 7,500 SF is zoned R6A/M1-4. The existing multistory commercial building on the adjacent lot is not included in the offering.
This offering presents a rare opportunity to develop a substantial residential project in a rapidly growing and well-connected Brooklyn neighborhood, making it an ideal fit for developers seeking scale, connectivity, and long-term value in one of NYC’s most dynamic submarkets.
Property Facts
| Sale Type | Investment | Rentable Building Area | 17,500 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1966 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.89 AC | ||
| Zoning | M1-4, R7X, R6A - Light industrial with offices, hotels, and most retail uses permitted | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.89 AC |
| Rentable Building Area | 17,500 SF |
| No. Stories | 1 |
| Year Built | 1966 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | M1-4, R7X, R6A - Light industrial with offices, hotels, and most retail uses permitted |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 00405-0027 | Improvements Assessment | $7,495,850 CAD |
| Land Assessment | $1,847,785 CAD | Total Assessment | $9,343,635 CAD |
Property Taxes
Parcel Number
00405-0027
Land Assessment
$1,847,785 CAD
Improvements Assessment
$7,495,850 CAD
Total Assessment
$9,343,635 CAD
Contacts
-
Daniel Marks -
Daniel Lebor -
Thomas Horrigan -
TerraCRG Brooklyn Commercial Real Estate
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Gowanus Large-Scale Residential Development | 222 Nevins St
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