EPIC Commercial Realty Sells Development Site in Gowanus

12/19/17

Vlora Sejdi

EPIC Commercial Realty is pleased to announce the sale of 227-233 9th Street, four contiguous parcels consisting a large development site in Gowanus, Brooklyn.

Located between 3 rd Avenue and 4th Avenue, each of these four lots contains a 2-story plus basement residential building. With the existing buildings delivered vacant, the property offers perfect opportunity for an ideal residential development site. EPIC sold 231 9th Street months ago, and 227-229&233 9th Street to the same buyer in more recent transactions, successfully brokering the sale of this large development site that has 100 feet wide frontage and 33,664 square feet of total air rights. The property is situated next to the 9th Street [D, N, R] and the 4th Avenue-9th Street [F, G] train stations.According to EPIC Commercial Realty Chief Operating Officer, Vlora Sejdi, "As with any assemblage, there were complications and it took a lot of creativity to get the deal done. I knew our buyer was the right guy for the deal, having working with him previously. He’s extremely savvy and is very bullish on this area.”

Gowanus is the next hotspot for NYC home seekers. In a former industrial zone around Brooklyn's Gowanus Canal, it is a developing area with a mix of classic rowhouses and converted warehouses. Hipsters and creative types head up studios and cool art galleries. Several residents of Gowanus apartments walk just a block or two to Fifth Avenue for access to a variety of restaurants and markets. Sitting just west of Park Slope, residents of Gowanus are only a short walk from the pristine beauty of historic brownstones and Brooklyn's massive Prospect Park. Gowanus is easily accessible by several subway lines, including the F, G, M, and R trains.

EPIC Commercial Realty sold 227-229&233 9 th Streetfor $7,485,000. 231 9th Street was sold for an undisclosed amount. Chief Operating Officer, Vlora Sejdi, represented both the seller and the buyer.

About EPIC Commercial Realty

EPIC Commercial Realty is a full-service commercial investment brokerage firm that provides comprehensive and innovative real estate solutions to investors, property owners, and corporations worldwide. EPIC Commercial Realty is dedicated to continuously developing dynamic relationships resulting in increased capital beyond the expectation of our clients. Through such principles as integrity and hard work, we strive to develop into an esteemed commercial investment resource for property owners, investors, and corporations worldwide.

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