$2,350,000
Updated 6 years ago
Sold

272 3rd Ave

Gowanus, Brooklyn | Union Street & President Street

3,500 Square FeetMixed Use

$2,350,000
floors / apts3 / 2
Lot Size20'x75'
Built Size20'x50'
ZoneM1-2
Building TypeLow-Rise
RE Taxes$8,254
Price Per SF
$671

This property was sold for $2,350,000 on 11/12/20.

Outdoor space and views

  • City Views

Building Amenities

  • Elevator

Property Description for 272 3rd Ave

We are pleased to offer this exclusive Gowanus mixed use property being offered for sale for the first time in 3 generations. This prime corner location features 2 residential units and prime retail space on the ground floor with a full basement boasting 10’ ceilings. The lot is 20X75 with the first floor and basement built 20X70 and the top 2 floors build 20X50. Located in close proximity to mass transit with the R train 1 block away and major retailors & restaurants such as Whole Foods, Staples, Dinosaur BBQ and many more. Most of the building has been well maintained with the 2 residential units needing some updating in order to maximize their potential. Please call for further details.

Listing History for 272 3rd Ave

Now
11/12/2020
$2,350,000
Sold and Closed by Joseph Baglio
Madison Estates
09/14/2020
Contract Signed by Joseph Baglio
Madison Estates

Building Details for 272 3rd Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
Year Built1931
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Union St
0.15 miles

Citi Bike

3 Ave & Carroll St
0.06 miles
Degraw St & 3 Ave
0.15 miles

Contact Agent

Contact Agent

Joseph Baglio
Madison Estates

Gowanus | Brooklyn

Quick Profile

Gowanus is a colorful neighborhood with an industrial aesthetic, tree-lined streets, historic structures, as well as luxury condos and rental buildings. It has a great art scene, fantastic eateries and bars and a 1.8-mile canal that snakes through most of the neighborhood. The variety of elements make it a desirable place to live.  

The neighborhood is on the crest of a major change due to a recently passed rezoning plan that will allow more residential construction. Especially around the Gowanus Canal where construction was once prohibited. The plan will bring new jobs, affordable housing, and create a neighborhood with walkable green spaces and amenities. It’s safe to say that change is coming to Gowanus.  

Gowanus is bounded by Hoyt Street to the west, 4th Avenue to the east, Warren Street, Baltic Street and Wycoff Street to the north, and Gowanus Expressway to the south.

The neighborhood is named after Gouwane, a chief in the Canarsie Indian tribe. His name, according to the history books, translates to “the sleeper.” Other historic accounts say that the Gowanus name comes from the Dutch word gouwee, which translates to the word bay. Based on early New York History surrounding Dutch settlers and native tribes, both accounts seem plausible. 

Gowanus began development as far back as the 1630s when the Dutch arrived. They began building farms and soon realized the marshy lands they settled were not the best for growing crops and farming. They began damming up certain areas of the land with hopes of creating better soil and powering their windmills. This was the beginning of the formation of the Gowanus canal.

The natural estuary was once brimming with oysters and fish. But in the 1800s, the canal was turned into an industrial and transportation waterway. In the mid 1900’s, industrial factories like manufactured gas plants, paper mills, and other businesses opened along the canal and casually polluted the water. It’s cleanup efforts have come a long way but there is still much work to be done. 

The newly approved Gowanus rezoning plan has caused lots of buzz this year. Mayor Bill DeBlasio's plan will rezone 82 blocks which will pave the way for an estimated 8,500 new apartments, 3,000 of which would be offered to low and moderate-income New Yorkers. The plan includes major improvements to the local infrastructure. Although the rezoning plan might not create a housing boom today or tomorrow, proponents say the rezoning sets the stage for major growth in Gowanus in the decades to come.

The F, G, D, N, R, and W subway lines service the Gowanus neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 78386TH