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526 Baltic Street - Availability Details

526 Baltic Street, Brooklyn, NY 11217

  • For Sale $15,000,000
  • City Brooklyn
  • Neighborhood Gowanus
  • Zip Code 11217
  • Market Brooklyn
  • Property Type Retail - Freestanding
  • Property Size 12,500 Sqft
  • Lot Size 0.29 Acre
  • Year Built 2001
  • Date Updated 15 Jun, 2021
South side of Baltic Street between Nevins Street and 3rd Avenue.
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Location

  • City Brooklyn, NY
  • Neighborhood Gowanus
  • Zip Code 11217
  • Market Brooklyn

Contacts

broker

Bobby Lawrence

B6 Real Estate Advisors

(646) 933-2648

Highlights

  • 526 Baltic Street features an 125’ x 100’ lot located on the south side of Baltic Street between Nevins Street and 3rd Avenue.
  • Situated on a M1-2 zoned land, with an as-of-right FAR of 2.0, allowing up to 25,000 buildable SF providing significant opportunity for retail and industrial development.
  • The property is located on the northern side of the Gowanus rezoning, which suggests an increase in FAR to 6, allowing up to 75,000 buildable SF, encouraging mixed-use development for residential and commercial uses.
  • The property offers developers the rare opportunity to acquire a potentially large scale project in one the best areas in Brooklyn at a low basis based off future value.
  • Property is improved by 12,500 SF commercial building that is currently being utilized as indoor tennis courts.
  • Located within two blocks of 5th Avenue, one of the major retail corridors of Brooklyn with many restaurants, bars and retailers.
  • Public transportation is located within 6 blocks to the Atlantic Avenue – Barclays Center transportation hub with access to the 2, 3, 4, 5, B, D, N, Q, R, LIRR.

Contact Listing Broker

broker

Bobby Lawrence

B6 Real Estate Advisors

(646) 933-2648

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