425 Hoyt Street
425 Hoyt Street
$10,900,000
—
8
19,250
19,250
$566
Permanently Off Market
Description
A newly renovated, vacant, elevator 3-story brick building. Located on a corner lot between 4th and 5th Streets in Gowanus... Brooklyn's newest "hot spot" neighborhood, tucked between nearby Carroll Gardens and Park Slope. This 19,250 sf (plus 2900 sf basement) building sits along the Gowanus Canal, a reservoir of industrial activity surrounded by the predominantly residential neighborhoods of South Brooklyn. The Gowanus neighborhood, a cluster of manufacturing-zoned, aging , low-rise industrial...A newly renovated, vacant, elevator 3-story brick building. Located on a corner lot between 4th and 5th Streets in Gowanus... Brooklyn's newest "hot spot" neighborhood, tucked between nearby Carroll Gardens and Park Slope. This 19,250 sf (plus 2900 sf basement) building sits along the Gowanus Canal, a reservoir of industrial activity surrounded by the predominantly residential neighborhoods of South Brooklyn. The Gowanus neighborhood, a cluster of manufacturing-zoned, aging , low-rise industrial buildings has evolved into a hub of the arts, crafts, traditional industry, and new manufacturing uses that co-exist on the shores of the in-progress dredging of the canal, which kicked off in November 2020 with the approval of the US Environmental Protection Agency.
The building is M3-1 with USE GROUP 6 which allows for retail, offices, galleries, parking. Also, ADA compliant.
The updated 800 AMP electric service, new plumbing, sprinkler system, windows, doors, roof, high ceilings (13'5-19') and more.
There is an ICAP tax abatement application in place for 25 years. The PHASE I and PHASE II was recently completed and building is clean.
With the city-owned Gowanus Green mixed-use development project approved also in November 2020, 425 Hoyt Street has the strategic potential to benefit from an increase in foot-traffic from approximately 20,000 new residents slated to move to the Green, directly behind 425 Hoyt St. This new development will include 950 residential units and a number of community benefits, including a public school, a park, community space and retail shops. 425 Hoyt Street's future development abounds! Art galleries, retail shops, office spaces and more. Lay claim to 425 Hoyt Street, one of the best speculative real estate opportunities. A GEM you cannot pass up! See brochure for details.
The building is M3-1 with USE GROUP 6 which allows for retail, offices, galleries, parking. Also, ADA compliant.
The updated 800 AMP electric service, new plumbing, sprinkler system, windows, doors, roof, high ceilings (13'5-19') and more.
There is an ICAP tax abatement application in place for 25 years. The PHASE I and PHASE II was recently completed and building is clean.
With the city-owned Gowanus Green mixed-use development project approved also in November 2020, 425 Hoyt Street has the strategic potential to benefit from an increase in foot-traffic from approximately 20,000 new residents slated to move to the Green, directly behind 425 Hoyt St. This new development will include 950 residential units and a number of community benefits, including a public school, a park, community space and retail shops. 425 Hoyt Street's future development abounds! Art galleries, retail shops, office spaces and more. Lay claim to 425 Hoyt Street, one of the best speculative real estate opportunities. A GEM you cannot pass up! See brochure for details.
Listing Agents
Amenities
- Elevator
- Lowrise
Location
LISTING UPDATED: 05/05/2021 01:32 PM
Property Details for 425 Hoyt Street
Status | Permanently Off Market |
---|---|
Days on Market | 48 |
Taxes | $6,020 / month |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | - |
Compass Type | Other |
MLS Type | - |
Year Built | 1931 |
Lot Size | - |
County | Kings County |
Building
Location
Building Information for 425 Hoyt Street
Stories3Residences-Year Built1931Lot Size-Building AgePre-warBuilding TypeLowriseSenior Community-Levels / Stories-
Payment Calculator
$65,506 per month
The Payment Calculator is for illustrative purposes only.
Property History for 425 Hoyt Street
Date | Event & Source | Price | Appreciation | Link |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 425 Hoyt Street
This home is within Nyc Geog District #15 - Brooklyn.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 12 | |||
Public - | PK to 5 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
P.S. 32 Samuels Mills Sprole PublicPK to 5 | ||
Brooklyn Secondary School For Collaborative Studie Public6 to 12 | ||
Brooklyn New School-PS 146 (The) PublicPK to 5 | ||
Maurice Sendak Community School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.