New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Gowanus Parcel Sale Expected to Yield “Significant” MXU
Cushman & Wakefield has arranged the sale of 313-331 Bond St., a 185,040 buildable square-foot development site located in the Gowanus neighborhood of Brooklyn. The final closing price was $61 million, equating to $330 per buildable square foot.
Cushman & Wakefield’s vice chairman Stephen Palmese, executive director Winfield Clifford, director James Berluti and associate director William Barrett led the marketing efforts on behalf of the seller. All Year Management purchased the property; the seller was not disclosed.
“At 95,000 square feet, the site is so large, it’s essentially two-in-one,” said Stephen Palmese. “With one half, the developer can build an office and retail building today, then if/when the zoning changes, residential can be built on the other side.”
Added Clifford, “We can expect a significant mixed-use project as a result of this sale.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
