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Greenbrook Partners Acquires Mixed-Use Properties In Gowanus & Bedford-Stuyvesant For $7.29M

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SOLD
$7,290,000

New York

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Mixed-use8,375 SF
Sold 09/08/2021
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Property Image
SOLD

Greenbrook Partners Acquires Mixed-Use Properties In Gowanus & Bedford-Stuyvesant For $7.29M

527 Carroll Street, Gowanus, Brooklyn, NY, USA

See Similar Deals
Mixed-use8,375 SF
Sold 09/08/2021
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$870
Total Square Footage:8,375 SF
Transaction Type:Sale

The mixed-use property located at 527 Carroll Street and 861 Halsey Street in Gowanus and Bedford-Stuyvesant has been sold for a total price of $7,290,000. The property features a building size of 10,000 square feet, equivalent to a price per square foot of $729. With a lot size of 2,500 square feet, the property offers a lucrative opportunity for development. The previous sale of the property took place on November 16, 2015, for a price of $3,400,000. An alteration permit was issued on November 4, 2019, indicating potential modifications to the property. The current zoning is M1-2, allowing for mixed-use development.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $7,290,000
  • Building Square Footage: 10,000
  • Price Per Square Foot: $729
  • Lot Size: 2,500 square feet
  • Last Sale Price: $3,400,000
  • Permits: Alteration 2 (11/04/2019)
  • Zoning: M1-2

The transaction was facilitated by the buyer, Greenbrook Partners, and the seller, Oren Hakim. Greenbrook Partners successfully acquired the property, positioning themselves for potential development and future growth. The M1-2 zoning allows for a variety of mixed-use possibilities, enhancing the property's potential for future profitability and versatility.

Players

BUYER

4 deals$13.9M volume
SELLER

Details

SOLD
IMAGE: 09/08/2021 ADDRESS: 527 Carroll Street & 861 Halsey Street MARKET: Gowanus & Bedford-Stuyvesant ASSET TYPE: Mixed-use ~ ZONING: M1-2 BUYER: Greenbrook Partners SELLER: Oren Hakim SALE PRICE: $7,290,000 BSF: 10,000 ~ PPBSF: $729 SF: 8,375 ~ PPSF: $870 UNITS: 10 ~ PPU: $729,000 FAR: 1.40 TAX CLASS: 2B LOT SIZE: 2,500 LAST SALE PRICE: $3,400,000 (11/16/2015) PERMITS: Alteration 2 (11/04/2019) LOT DIMENSION: 25 ft x 100 ft

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