Gowanus at a Glance
Gowanus, whose name is derived from the canal that splits the neighborhood in half, has undergone an amazing transformation in recent years. Industrial buildings have been converted to co-working spaces, and former manufacturing buildings converted to restaurants, music venues, and art galleries. The area is also on the verge of a major mixed-use rezoning which will bring online more than 8,200 apartments, an influx of residential density and increased commercial activity that is sure to boost the ongoing demand for commercial space.
Over $80,000,000 in Industrial Sales in 2020
Over 10,400 Residential Units with 8,200 more slated due to the Gowanus Rezoning
Residential Market: 2020
Avg Residential Rent
$2,600
Avg Price for Condo Sellouts
$730,000
Approx No. of Residential Units in the Development Pipeline
8,200
Investment Sales: 2021
Total Dollar Volume of Investment Sales
$161,461,669
Avg Industrial PPSF
$462
Avg Multifamily Sale PPSF
$580
Avg Retail PPSF
$541
Avg Development Site Sale PPBSF
$209
Additional Demographics: 2020
Avg Household Income
$99,000
Transportation
Subways
Buses
B103
Neighborhood Vibes
Take a walk down Third Avenue to discover restaurants, coffee shops, art galleries, and neighborhood-based retail. The Royal Palms is a singular neighborhood attraction. The shuffleboard club and game hall features a bar and rotating food truck options.
The Gowanus Canal
The future looks bright for one of New York City's few canals, as efforts to clean it up have received the attention and funding of the federal government.
Royal Palms
The shuffleboard club's Monday and Tuesday night league is the largest in the world.
Neighborhood Attractions
