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    527-537 Smith St Brooklyn, NY 11231

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    For Sale
    Contact for pricing

    Unencumbered vacant commercial development site in Gowanus, Brooklyn.

    Lot size:
    2.73 Acres

    Property Features for 527-537 Smith St

    General Information

    Lot size
    2.73 Acres

    Source: JLL | New York City Agent Michael Mazzara

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gowanus Brooklyn Commercial Development Site

    This vacant commercial development site is located at 503-527 Smith Street in Gowanus, Brooklyn. The property is an approximately 118,000 square foot lot with over 237,000 square feet of zoning floor area. Situated on the corner of Smith Street and 9th Street, the site features over 744 feet of wraparound frontage. The location is positioned at the nexus of Gowanus, Red Hook, and Carroll Gardens, one block from Court Street and two blocks from I-278. The site is adjacent to the Smith-9th Street F & G Train and the 4th Avenue R Train.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.997648
    Latitude
    40.673543

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    FAQs

    What type of property is this?
    Land - Unencumbered vacant commercial development site in Gowanus, Brooklyn.
    Where is this land located?
    The property is located at 527-537 Smith St Brooklyn, NY.
    What are key features of this property?
    This property features: - Premier Gowanus location at the nexus of Gowanus, Red Hook, and Carroll Gardens.; - Large development site: ~118,000 SF Lot with 237,000+ ZFA.; - Extensive wraparound frontage: Over 744’ on Smith Street and 9th Street.
    (212) 812-5700
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    527-537 Smith St Brooklyn, NY 11231
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    Brooklyn, NY 11231
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    527-537 Smith St Brooklyn, NY 11231
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