175 3rd Street - 175 3rd Street, Brooklyn, NY 11215

421-A VESTED WITH APPROVED PLANS | The property is fully vested in the 421-a Affordable New York Housing Program which expired on June 15, 2022 and ownership has applied for the recently announced PILOT program. . ONE OF THE LARGEST DEVELOPMENT SITE IN GOWANUS | ± 674,300 ZFA makes this one of the largest development site available in the newly rezoned Gowanus neighborhood.. APPROVED GOWANUS REZONE | On November 23, 2021, the New York City Council approved the zoning amendments for the Special Gowanus Mixed-Use District. The 82-block rezoning allows for and will facilitate new mixed-use developments set to generate thousands of new residential units.. PRIME LOCATION AND FRONTAGE | Full block on 3rd Street from 3rd Avenue to the Gowanus Canal with 636 feet of frontage on 3rd Street and 220 feet of frontage on 3rd Avenue and the Gowanus Canal. The Property is directly across from Whole Foods, 1-mile from the Barclays Center and within a 10-minute walk to three subway stations. . OPPORTUNITY ZONE | The site is located within a designated Opportunity Zone offering taxpayers preferential tax treatment in return for investing capital gains in Opportunity Zones through investment vehicles called Opportunity Funds.. DEVELOPMENT INCENTIVES |
• 421A - Affordable New York Housing Program & Submitted Application to the PILOT Program
• BCP (Brownfield Credit Program)
• ICAP (Industrial & Commercial Abatement Program)
• FRESH (Food Retail Expansion to Support Health Program)