New York & Tri-State + Outer + Apartments | June 4, 2021

Avery Hall Plans Rentals on Border of Gowanus and Park Slope

Avery Hall Investments unveiled plans Thursday for 272 4th Ave. on the border of Brooklyn’s Gowanus and Park Slope neighborhoods. The firm this week added to its assemblage with a $5.3-million purchase of adjacent sites. The project will be designed in-house by Avery Hall.

The project, which is contingent on the passage of the City of New York’s Gowanus Area Rezoning, is planned to include approximately 125 rental apartments, including more than 30 affordable units. However, it would include roughly 75 additional apartments – including at least 20 more affordable homes – with Avery Hall’s potential purchase of roughly 50,000 square feet of air rights from the city.

“Right now, we have a one-time opportunity to add more mixed-income housing for Brooklyn families to the project,” said Brian Ezra, founding principal at Avery Hall. “We’re hopeful our partners at the city will leverage it to address these important public policy goals.”

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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 13-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 15-20 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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