Domain Companies and Silverstein Properties have secured $205 million in financing for 420 Carroll Street, a recently completed residential development in Gowanus, Brooklyn. JLL Capital Markets arranged the bridge take-out loan, which was provided by AllianceBernstein. The 360-unit property is the first multi-housing property delivered under the 2021 Gowanus rezoning initiative and is located along the Gowanus Canal near the intersection of Carroll and Nevins Streets.
420 Carroll Street in Gowanus, Brooklyn via VUW
420 Carroll Street consists of two towers rising 16 and 21 stories. Units come in studio to three-bedroom configurations, and 25 percent of the inventory is designated as affordable housing. The development also includes 12,000 square feet of ground-floor retail and an additional 14,700 square feet of second-floor commercial space dedicated to The Shop, a community-oriented coworking and maker space aligned with the Gowanus Mix zoning goals.
420 Carroll Street in Gowanus, Brooklyn via VUW
On-site amenities include a 24-hour attended lobby, resident lounge, library, media and game room, demo kitchen, fitness and CrossFit center, and various landscaped outdoor areas including a waterfront park, rooftop terrace, sundeck, and barbecue spaces. The building also provides bike and cold storage options for residents.
The closest subways from 420 Carroll Street are the N, R, and W trains at the Union Street station. Also nearby are the F and G trains at the Carroll Street station.
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I’m surprised that so many ‘resort-style’ developments are being built in NYC. The people I know in NYC would much rather have larger apartments than resort-style communal facilities.