Gowanus

New Ownership Group Acquires 130 Second Street in Gowanus, Brooklyn

The Carlyle Group, in partnership with Z+G Property Group, has acquired 130 Second Street, a new 13-story residential building in Gowanus, Brooklyn. Developed by Prospect Developers and managed by Joyland Management, the property contains 132 apartments, including 33 units of affordable housing. The ownership team acquired the property for $105 million from a joint venture of Joyland, Meral Property Group, and The Loketch Group. JLL Capital Markets arranged the sale and secured $80 million in acquisition financing from Invesco Real Estate.

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Permits Filed for 214 Butler Street in Gowanus, Brooklyn

Permits have been filed for a two-story manufacturing building at 214 Butler Street in Gowanus, Brooklyn. Located between Nevins and Bond Streets, the lot is within walking distance of the Union Street subway station, served by the R train. Kevin Clarke of New York City Department of Environmental Protection is listed as the owner behind the applications.

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Housing Lottery Launches for 556 Baltic Street in Gowanus, Brooklyn

The affordable housing lottery has launched for 556 Baltic Street, an 11-story mixed-use building in Gowanus, Brooklyn. Designed by Designed by Input Creative Studio with Baltic Residence LLC, the structure yields 92 residences. Available on NYC Housing Connect are 23 units for residents at 40 to 100 percent of the area median income (AMI), ranging in eligible income from $40,595 to $175,000.

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Permits Filed for 500 3rd Avenue in Gowanus, Brooklyn

Permits have been filed for a six-story mixed-use building at 500 3rd Avenue in Gowanus, Brooklyn. Located at the intersection of 3rd Avenue and 11th Street, the lot is near the 4th Avenue-9th Street subway station, served by the F, G, and R trains. Paul Basile of Salvatore Basile II Inc. is listed as the owner behind the applications.

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395 Carroll Street & 325 Bond Street. Photo by Michael Young.

The Westmark Nears Completion At 395 Carroll Street, 325 Bond Street in Gowanus, Brooklyn

Construction is nearing completion on The Westmark, a two-tower residential complex at 395 Carroll Street and 325 Bond Street in Gowanus, Brooklyn. Designed by Hamish Whitefield Architects and developed by Rabsky Group, the structures will span 526,000 square feet and yield 603 rental units. The project will also include 51,000 square feet of ground-floor commercial space and two parking garages. President Union LLC  is listed as the owner of the property, which is bounded by Carroll Street to the south, the Gowanus Canal to the east, and Bond Street to the west.

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