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    274 9Th St Brooklyn, NY 11218

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    For Sale
    Contact for pricing

    Vested development site at the crossroads of Park Slope and Gowanus.

    Lot size:
    0.77 Acres

    Property Features for 274 9Th St

    General Information

    Lot size
    0.77 Acres

    Source: JLL | New York City Agent Brendan Maddigan

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

    Overview

    Park Slope Development Opportunity

    This development site is located at the crossroads of Park Slope and Gowanus. The site has a 33,750 square foot footprint with proposed plans to build 185,126 ZFA. Proposed plans allow developers to utilize the allocated lot to construct an 18-story building encompassing approximately 200,000 GSF. The property will feature 141 market units and 64 affordable units, benefiting from the 421a tax abatement (Option B) and qualifies for the 421-a construction deadline extension to June 15th, 2031. This location is in a prime submarket.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.97068
    Latitude
    40.64187

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    FAQs

    What type of property is this?
    Commercial land - Vested development site at the crossroads of Park Slope and Gowanus.
    Where is this commercial land located?
    The property is located at 274 9Th St Brooklyn, NY.
    What are key features of this property?
    This property features: - Vested 421a tax abatement (Option B) with qualification for the 421-a construction deadline extension to June 15th, 2031.; - Approved plans for an 18-story building with approximately 200,000 GSF.; - Prime location at the crossroads of Park Slope and Gowanus.
    (212) 376-5449
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    274 9Th St Brooklyn, NY 11218
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    Brooklyn, NY 11218
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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
    274 9Th St Brooklyn, NY 11218
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