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INVICTUS PROPERTY ADVISORS JOSH LIPTON ANDREW LEVINE Partner Partner

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INVICTUS PROPERTY ADVISORS JOSH LIPTON ANDREW LEVINE Partner Partner INVICTUS 425 HOYT STREET PROPERTY ADVISORS BROOKLYN, NY 11231 VACANT INDUSTRIAL ASSET FOR SALE ASKING PRICE Recently renovated 19,250 SF warehouse in Gowanus. Steps away from the Gowanus $10,900,000 Canal. 3 blocks from the Carroll St. Station servicing the D, F, and G subway lines and 2 blocks from the Court Street retail corridor. INVICTUS PROPERTY ADVISORS JOSH LIPTON ANDREW LEVINE Partner Partner 303 Fifth Avenue, #1102, New York, NY 10016 [email protected] [email protected] email: [email protected] 212 596 7579 212 596 7570 www.invictusnyc.com 201 364 1809 917 495 0446 Invictus Property Advisors LLC makes no warranty or representation as to the accuracy and completeness of the information contained herein. This information is presented subject to errors, omissions and other conditions which may change without notice. The information contained herein shall be independently evaluated. INVICTUS 425 HOYT STREET PROPERTY ADVISORS BROOKLYN, NY 11231 PROPERTY DETAILS LOCATION: Located on the corner of Hoyt Street and 4th Street. BLOCK / LOT: 471 / 104 LOT DIMENSIONS: 72.08' X 130.67' (with 202.75' wraparound frontage) LOT AREA: 9,419 SF GROSS SQUARE FOOTAGE: 19,250 SF (+ an additional 2,900 SF Basement) ZONING / FAR: M3-1 / 2.00 PROPOSED REZONING / FAR: M1-3 / 3.00 ASSESSMENT 20/21: $675,540 TAXES 20/21: $71,182 (Tax Class 4) $/SF: $566 PROPERTY FEATURES INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 425 Hoyt Street, a recently renovated vacant corner industrial warehouse on the border of Gowanus and Carroll Gardens. The property is approximately 19,250 SF with over 200 feet of wraparound frontage. 425 Hoyt Street is located steps away from the Gowanus Canal, three blocks from the Carroll Street Station servicing the D, F, and G subway lines, and two blocks from the Court Street retail corridor. Gowanus has been experiencing an investment surge over the past few years after a proposed rezoning was announced. If the rezoning is approved, a future investor will be able to utilize an additional 9,007 SF, as the FAR will change from 2.00 to 3.00. The proposed Gowanus rezoning will change the property's M3-1 zoning into a M1-3 zoning classification. This new flexible zoning allows for the following uses: office, retail, hotel, and manufacturing. The city owned lot situated directly behind 425 Hoyt Street on Smith and Fifth Streets, known as the Gowanus Green, was just approved (on 11/20/20) for 950 residential units and a number of community benefits, including a public school, a park, community space and retail. Future ownership and tenants will benefit from an increase in foot-traffic from approximately 20,000 new residents slated to move to this strategic South Brooklyn location. The property is ideal for an end user looking to utilize the office and/or retail space or, alternatively, serve as a last-mile logistics warehouse for the anticipated influx of residents into the area. The building was upgraded with brand new mechanicals, oversized casement windows, a high capacity steel case passenger elevator, a loading dock, a large drive-in garage and new roof deck offering views of Brooklyn. The EPA just kicked off the dredging of the Gowanus canal in November 2020. Ownership has submitted an ICAP application which is pending approval. INVICTUS 425 HOYT STREET PROPERTY ADVISORS BROOKLYN, NY 11231 PROPOSED GOWANUS REZONING AND AREA MAP Carroll Street Station D F G t t 2nd Street Stree Gowanus Canal M1-3/R7-2 THIRD STREET Court Street Court Hoyt BRIDGE 3rd Street Stree h Smit M1-3 M1-2/ R6B 4th Street 425 Hoyt St. M1-4 M1-3 CERTIFIED OPPORTUNITY 5th Street ZONE Census Tract: M1-3/R7-2 36047011900 GOWANUS GREEN NINTH STREET BRIDGE POINTS OF INTEREST Public Records NOTABLE GOWANUS DEVELOPERS INVICTUS 425 HOYT STREET PROPERTY ADVISORS BROOKLYN, NY 11231 EXTERIOR PHOTOS INVICTUS 425 HOYT STREET PROPERTY ADVISORS BROOKLYN, NY 11231 INTERIOR PHOTOS INVICTUS 425 HOYT STREET PROPERTY ADVISORS BROOKLYN, NY 11231 HIGHLIGHTS CORNER GOWANUS FLEXIBLE LOT REZONING ZONING INDUSTRIAL WAREHOUSE LOADING DOCKS NEWLY LAST-MILE DELIVERY & GARAGE RENOVATED FOR MORE INFORMATION, PLEASE CONTACT EXCLUSIVE AGENTS: JOSH LIPTON ANDREW LEVINE 212 596 7579 212 596 7570 [email protected] [email protected].
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