Land
Under Contract

292 4th Avenue

292 4th Ave, Brooklyn, NY, 11215-1819, US

292 4th Avenue_Property for Sale

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Asset description

292 - 296 4th Avenue is a 82,122 ZFA Development Site in an Opportunity Zone within the Gowanus Rezoning District in Brooklyn, NY

Attributes

Investment highlights

Development Scale

One of the premier sites in the Gowanus Rezoning District. Approximately 82,122 ZFA with flexible zoning allows for a blank canvas development opportunity.

Qualified Opportunity Zone (QOZ)

Gowanus is a unique and highly desirable QOZ. With a median household income of $176,114 and immediate connection to Downtown Brooklyn & Manhattan’s Financial District, the property contains superior fundamentals with exceptional demographics compared to other zones.

Tax Benefits

Inviting incentives including 421a (Affordable NY), ICAP, CEP, ESCP, & REAP.

Rezoning

Rezoning framework provides for an increased FAR and multiple uses. The rezoning proposes a variety of uses including residential, retail, and community facility space in order to capture the character of Gowanus and activate the neighborhood.

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Last updated
Aug 11, 2022