Current Use by Public Records
- Mixed-use properties
Property Details for 544 Union St
- Property type
- Mixed-use properties
Description
This exceptional mixed-use development opportunity is located in the heart of Gowanus, Brooklyn, at 544-550 Union Street, zip code 11215. The property encompasses a substantial lot size ranging from 5,000 to 9,000 square feet, with a total buildable area of 27,551 square feet. The site currently features three existing mixed-use buildings, offering immediate potential for redevelopment. Benefiting from M1-4/R6A zoning, this property is ideal for a variety of commercial and light industrial projects. The favorable floor area ratio (FAR) of 3.6 allows for significant development density. Situated in a rapidly evolving neighborhood, this location offers unparalleled access to the vibrant cultural and economic landscape of Gowanus. The vacant property presents a unique chance to contribute to the ongoing transformation of this dynamic Brooklyn community. This 1031 exchange eligible property offers a compelling investment opportunity for developers seeking a prime location with substantial buildable area and favorable zoning regulations. The property's square footage is estimated between 25,000 and 30,000 square feet. This is a redevelopment opportunity for a motivated buyer.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9861
- Latitude
- 40.6785
