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Brooklyn Developer Acquires Second Gowanus Site

A company affiliated with Goose Property Management has bought an industrial site at 264 Butler St. in Brooklyn’s Gowanus neighborhood for about $15.3 million, the New York Business Journal reported. The Brooklyn-based residential developer entered a contract to acquire the site in fall 2024.

Domal Transportation Inc. had owned the site since 1980. Plans to demolish the building at the site were filed earlier this year.

The industrial building is located within the Special Gowanus Mixed-Use District, created in 2021 to spur residential development in the neighborhood. The site is located next to another 13,000-square-foot property at 172 3rd Ave. that a Goose Property affiliate acquired in November 2024 for $22 million, reported the Business Journal.

Goose Property Management has also been involved with properties nearby in Downtown Brooklyn, recently opening the housing lottery at 570 Fulton St. and acquiring another site at 60 Fulton St. in 2022.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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