Avraham Azoulay pays $2.4M for 8-unit dev site in Gowanus

Avraham Azoulay through the entity 180 12 St LLC paid $2.4 million for the development site at 180 12th Street in Gowanus, Brooklyn.

On the lot, there is one active new building construction project, B01229848, for a eight-unit, 5,993 square-foot residential (R-2) building. The project was submitted by Avraham Azoulay under the name Avi Azoulay with plans filed May 27, 2025 and it has not been permitted yet.
The deal closed on August 15, 2025 and was recorded on August 26, 2025. The property has 1,800 square feet of built space and 4,200 square feet of additional air rights for a total buildable of 6,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,347 and the price per buildable square foot is $404 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Raul Torres was Raul Torres. The signatory for Avraham Azoulay was Avraham Azoulay. The contract date was April 4, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Avraham Azoulay had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Raul Torres had not purchased any other properties and had not sold any properties over the same time period.

The property

The 1-4 family building with 3 residential units in Gowanus has 1,800 square feet of built space and 4,200 square feet of additional air rights for a total buildable of 6,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 30 feet and is 100 feet deep with a total lot size of 3,000 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $2 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

The block

On this tax block, PincusCo has identified the owners of one of the 11 commercial properties representing 3,600 square feet of the 79,761 square feet. The identified owner is Ambioris Garcia.
On the tax block, there were six new building construction projects totaling 34,123 square feet. The largest is a seven-unit, 10,831 square-foot residential (R-2) building submitted by Krzysztof Rostek with plans filed June 8, 2020 and permitted May 23, 2025. The second largest is a eight-unit, 5,993 square-foot residential (R-2) building submitted by Avi Azoulay and filed by Avi Azoulay with plans filed May 27, 2025 and it has not been permitted yet.

The majority, or 54 percent of the 79,761 square feet of built space are mixed-use buildings, with office buildings next occupying 31 percent of the space.

Direct link to Acris document. link