Quinlan Development Group Acquires Development Site In Gowanus From The Rattner Family For $24M

The development site located at 374 4th Ave in Gowanus has been sold in a recent transaction. The property, a former Taxi Garage, is set to be developed into a Class-A mixed-use project. The sale price for the site was $24,000,000, and the building size is expected to be 170,000 square feet.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $24,000,000
• Address: 374 4th Ave
• Market: Gowanus

The buyer of the property is Quinlan Development Group, while the seller is The Rattner Family. The deal was facilitated by brokers Ceasar Salama and Isaac Shabot from KSR. KSR played a crucial role in arranging the joint venture between the longtime landowners, the Rattner Family, and the well-reputed 2nd generation developer, Quinlan Development Group.

KSR has been highly active in arranging development projects throughout Brooklyn and invites interested parties to reach out for similar opportunities.