Tavros Capital Partners and Charney Cos. have acquired a 37,000-square-foot development opportunity at 251 Douglass Street in the Gowanus neighborhood of Brooklyn, N.Y., for $22.5 million.
The development opportunity at 251 Douglass Street is a three-lot assemblage that spans 18,500 square feet. The property includes a vacant 5,000-square-foot brick structure. The site is directly across the street from Thomas Greene Playground and is just one block from the Gowanus Canal.
The three tax lots at 251 Douglass Street are located in a qualified opportunity zone. Per the recently released New York City Department of City Planning Gowanus zoning proposal, 251 Douglass Street is situated within M1(3)/R6A and M1(4)/R7X zoning districts, which would allow for upwards of 96,000 buildable square feet.
“As a result of the proposed rezoning, there continues to be significant interest from developers and owners alike in capturing tomorrow’s value today,” said Michael Ma
