Timothy Quinlan Acquires Commercial Property In Gowanus For $24M

The commercial property located at 376 4 Avenue in Gowanus, Brooklyn has been sold in a transaction that took place on October 6, 2022. The property is zoned as C8-2 and has a total square footage of 18,000. The sale price for this transaction was $24,000,000, resulting in a price per square foot of $1,333. The building's floor area ratio (FAR) is 0.90, and it falls under tax class 4. The lot size is 20,000 square feet, with dimensions of 200 ft x 100 ft. The property has also received an alteration permit on November 11, 2021.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $24,000,000
• Buyer: Timothy Quinlan
• Seller: Susan Rattner
• Price per Square Foot: $1,333
• Building Square Footage: 18,000
• Lot Size: 20,000 square feet
• Zoning: C8-2
• Floor Area Ratio (FAR): 0.90
• Tax Class: 4
• Permits: Alteration 3 (11/11/2021)
• Lot Dimension: 200 ft x 100 ft

Timothy Quinlan represented the buyer in this transaction. Susan Rattner acted as the seller. The property's characteristics and transaction details make it a significant investment opportunity in the Gowanus, Brooklyn market.