Description

Please note this is an as is sale.

This two-family brick townhouse presents a compelling development and repositioning opportunity in the Gowanus / North Park Slope corridor-an area experiencing sustained residential demand driven by significant neighborhood investment and rezoning. Beautiful community garden right next door!

Built circa 1899, the 20' x 50' home sits on a 90' lot and features two residential floors plus a partially finished basement. The property offers approximately 1,748 square feet of interior space, an additional 874 square feet of cellar space with two small windows and solid stair access to both the front and rear yards, and approximately 950 square feet of exterior yard area. The home also benefits from updated electric and a newer roof.

Located within the Gowanus Mixed-Use Rezoning area and zoned R6B, the property has a maximum FAR of 2.0. With a current FAR of only 0.97, there is approximately 1,854 square feet of additional buildable area available (per PropertyShark), offering meaningful expansion potential. Unapproved plans for a two-family configuration are available upon request.

The existing configuration includes 3-4 bedrooms, three bathrooms, two eat-in kitchens, and original wood floors. This allows flexibility for a boutique luxury townhouse conversion, an expanded one- or two-family layout, a condo-style configuration, or a hybrid end-user/income-producing strategy. The layout and zoning create multiple redevelopment pathways while preserving the option to improve and reposition the existing structure. The property is also located within an Opportunity Zone.

Situated on a quiet street equidistant from the new Gowanus redevelopments and Park Slope's established amenities, the home is near Whole Foods, Diago Sushi, Root Hill, Staples, and other neighborhood retail and dining destinations. There is also a beautiful community garden right next door!
The property offers excellent transit access-around the corner from Citi Bike stations and the Union Street R train, and in close proximity to the 2, 3, F, G, M, D, and N lines at Atlantic Terminal.

This asset presents a clear and practical path to value creation in one of Brooklyn's most proven and evolving markets.


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