184-188 4th Avenue

• Significant Development Potential: The offering includes two contiguous tax lots (3 / 427 / 37 & 38) with a combined development potential of ±40,681 Buildable SF.
• Potential Air Rights Transfer: Existing structures hold significant value, presenting opportunity to maintain one structure and transfer its ZFA to the other tax lot for development.
• Special Gowanus Mixed-Use District’s Fourth Avenue Subdistrict (Subdistrict A): Within this subdistrict, C4-4D is treated as R9A for residential bulk purposes.
• For a residential MIH project on the combined site: Residential FAR: 8.5 , or approximately 40,681 zoning SF on 4,786 SF of land; Maximum building height: 185 feet; Maximum base height before setback: 135 feet; Minimum base height: 60 feet
• Delivered Vacant: The property will be delivered vacant at closing, providing a clean slate for development.
• Transit Oriented Location: Just one block from the Union Street R-train and a short walk to the Atlantic Avenue-Barclays Center transit hub, offering access to 9 subway lines and the LIRR, with convenient connections to Downtown Brooklyn, Manhattan, and Long Island.