Tavros Capital Acquires Gowanus Development Site On Nevins Street For $19.5M

Located in Gowanus, the development site at 239 Nevins Street has been sold in a closed transaction. The property spans a lot size of 10,000 square feet, measuring 100 feet by 100 feet. The sale took place on December 15, 2021, with Tavros Capital acquiring the site from Atkins & Breskin, represented by Jerry Atkins. The sale price for the development site was $19,500,000, with a building square footage (BSF) of 86,465. The price per BSF (PPBSF) was $225. A full demolition permit was filed on June 1, 2021.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $19,500,000
• Buyer: Tavros Capital
• Seller: Atkins & Breskin - Jerry Atkins
• Brokers: Jacob Tzfanya - Z"L, Jon Kamali, Andre Sigourney, and Brad Cohen - CBRE
• Lot Size: 10,000 square feet (100 ft x 100 ft)
• Permits Filed: Full Demolition (06/01/2021)

In memory of Jacob Sohne Tzfanya (1979-2019), this transaction represents an opportunity for future development in Gowanus.