$10,500,000
Updated 4 years ago
Off Market

316-324 Douglass Street

Park Slope, Brooklyn | 3rd Ave & 4th Ave

2 Baths8,280 Square FeetDevelopment Site

$10,500,000
floors2
Lot Size83'5"x100'
ZoneM1-4
Building TypeLow-Rise
RE Taxes$70,786
Price Per SF
$1,268

Property Description for 316-324 Douglass Street

Corcoran is pleased to present 316-324 Douglass

Street (Block: 00420, Lot: 0023), located between 3rd and 4th Avenue,

in the Gowanus section of Brooklyn, NY. (Subject to DOB final

approval). 83.5ft x 100 ft lot. According to Gowanus rezoning plan, the

property will be zoned for M1-4 which allows for opportunities such as

Commercial condos, Art Galleries, Restaurants, Spa, Shopping Center,

etc. This property is perfectly situated in the middle of several of the

most desirable neighborhoods in Brooklyn.

Property Description:

This property is in the epicenter of dining, nightlife and retail amenities of

the proposed Gowanus redevelopment. Located in close proximity to all the subway lines

at Barclays Center/Atlantic Terminal (2/3/4/5/D/N/R/B/Q) at the central

transportation hub of Brooklyn.

Financial Overview

Location: 316 Douglass St Brooklyn, NY 11217

Price: $10,500,000

Number of Units: 1 Unit (Can be built upon)

Total Gross Square Feet: 8,280

Lot Size: 83.5 x100

Year Built: 1931

Type of Ownership: Fee Simple

GRM ? Pro Forma: 24

Cap Rate ? Pro Forma: 4%


Listing History for 316-324 Douglass Street

Now
04/20/2022
Expired by Wendalina Di Caro
Corcoran
01/19/2022
$10,500,000
Initial Price by Wendalina Di Caro
Corcoran

Building Details for 316-324 Douglass Street

OwnershipDevelopment Site
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors2
Learn More About the Building

Contact Agents

Contact Agents

George Campo
Corcoran

Park Slope | Brooklyn

Quick Profile

Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.

Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?). 

Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church. 

Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway). 

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: 82926TH