$6,000,000
Updated 2 years ago
Off Market

114-116 2nd Street

Gowanus, Brooklyn | Hoyt Street & Bond Street

12 Rooms6 Beds4 Baths4,700 Square FeetMulti-Family

$6,000,000
floors / apts2 / 4
Lot Size40'x100'
Built Size40'x35'
ZoneR6B
Building TypeTownhouse
RE Taxes$8,196
Price Per SF
$1,277

Outdoor space and views

  • Deck
  • Frontyard
  • Garden

Building Amenities

  • Garden

Property Description for 114-116 2nd Street

Unique DEVELOPMENT OPPORTUNITY in the highly sought-after Carroll Gardens neighborhood. Tucked away on a serene, tree-lined garden block, the adjacent townhouses at 114 and 116 2nd St offer a generous 40x100 buildable footprint in prime Brownstone Brooklyn. This combination allows for 8,000 buildable square feet above grade, along with an additional 2,000 square feet below grade in two full-height, south-facing walkout basements. The zoning is R6B, situated on a non-landmarked residential street between Hoyt and Bond. Currently configured as two vacant two-story carriage houses, these properties present an exceptional 40' x 100' lot, providing the potential to build a total of 10,000 square feet, including the walkout basements. In this desirable neighborhood, residences featuring outdoor space regularly command prices between $1,800 and $2,000 per square foot. Carroll Gardens is renowned for its charming old-world aesthetics, vibrant community, and beautiful front gardens. The properties at 114 and 116 2nd St represent a significant opportunity for both end-users and investors alike. Ideally located just two blocks from the F/G trains at Carroll St Station, a short walk to Carroll Park, and within easy reach of the shops and restaurants on Smith St and Court St, as well as Whole Foods on 3rd Street, this prime location embodies the best of Carroll Gardens living. Don't miss out on this exceptional chance to create something truly special!

Listing History for 114-116 2nd Street

Now
12/10/2024
TOM by Chris Sheller
Compass
10/29/2024
$6,000,000
Initial Price by Chris Sheller
Compass

Building Details for 114-116 2nd Street

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts2/4
Learn More About the Building

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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: 98172TH