SOLD
Quinlan Development Group Acquires Development Site In Gowanus From The Rattner Family For $24M
374 4th Avenue
Development Site
Summary
Sale
NEW YORK
Development Site
0 sqft
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.
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2
Agencies
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Details
SOLD
IMAGE: Ceasar Salama & Isaac Shabot
DATE: 10/06/2022
ADDRESS: 374 4th Ave
MARKET: Gowanus
ASSET TYPE: Development Site
BUYER: Quinlan Development Group
SELLER: The Rattner Family
BROKERS: Ceasar Salama (@C_Salama) & Isaac Shabot (@IShabot) - KSR (@Kassin_Sabbagh_Realty)
SALE PRICE: $24,000,000
BSF: 170,000
NOTE FROM @Kassin_Sabbagh_Realty: KSR arranged the joint venture between longtime landowners, the Rattner Family, with a well reputed 2nd generation developer, QDG, to develop a Class-A mixed-use project on the site of the former Taxi Garage.
KSR has been extremely active arranging development projects throughout Brooklyn. Please reach out for similar opportunities.View on map
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Address374 4th Avenue
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