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Gowanus Parcel Trades for $102M, Will Yield 660 Apartments
TerraCRG closed on the $102-million sale of one of the largest development sites in Brooklyn. 300 Nevins St. is in the newly rezoned Gowanus neighborhood.
Ofer Cohen, Dan Marks, and Daniel Lebor represented the seller, Property Markets Group. Tavros Capital and Charney Companies purchased the site.
“300 Nevins is in the heart of the Gowanus area, right between Carroll Gardens and Park Slope, and will become one of the most exciting mixed-use projects in Brooklyn,” said Cohen, founder and CEO of TerraCRG. “We were thrilled to help facilitate a transaction to deliver a significant amount of housing – including much-needed affordable units – to the neighborhood.”
With a rare footprint of approximately 101,000 square feet fronting the Gowanus Canal, the project will feature 505,000 square feet with 660 residential units, of which 25% will be permanently affordable. The project will also feature approximately 60,000 square feet of commercial space.
- ◦Sale/Acquisition
- ◦Development
