Tankhouse grabs 421a-ready Gowanus development site – Robert Khodadadian

Brooklyn-based development firm Tankhouse has agreed to buy the development site at 452 Union Street in Gowanus from Pilot Real Estate Group. As part of the deal, Tankhouse tendered a $4 million down payment and agreed to pay another $3 million before closing. The total sale price has not been disclosed. Tankhouse co-founder Sam Alison-Mayne says the site has already qualified for the 421a tax break, a critical multifamily development incentive that expired in June.

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Development, Home Page, 421a, Gowanus The Real Deal New York Read More

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