Developer Buys Second Gowanus Site For $47M, Report Says

GOWANUS, NY — A developer who recently bought a multi-million dollar Gowanus warehouse snagged a second piece of property nearby this week, Crain's New York reported.

Domain Companies paid $47.5 million for the 420 Carroll St. property that currently has a 65,000-square-foot industrial building with a plumbing company inside, according to Crain's. The site could hold up to a 130,000-square-foot development.

The deal is the second in the neighborhood Domain Companies recently made before the proposed rezoning of the neighborhood which could let build larger projects than currently allowed.

In December, Domain bought a 545 Sackett St. warehouse for $26.5 million with the plan to build a project with apartments, retail and commercial space after the rezoning, Crain's reported.

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