478 4 Avenue

Gowanus, Brooklyn

Parcel ID (BBL): 3010150043

Acris records

Owner: Shel Capital

Acquired: March 19, 2025, $68.5 million

Debt: March 19, 2025, $44.5 million

Built: 2015

Renovated: 2015

SF: 92,722

Dwelling units: 105

No. of buildings: 1

Class: Fireproof – With Stores (D6)

Floors: 12

Legacy BBLs: 3010150043

Transactions:

Shel Capital borrowed $44.5 million from JLL for 237 11th Street, Gowanus, Brooklyn on March 19, 2025.

Davidson Kempner Capital Management and Trinity Place Holdings and Steel Partners Holdings sold 237 11th Street, Gowanus, Brooklyn for $68.5 million to Shel Capital on March 19, 2025.

Trinity Place Holdings borrowed $50 million from Natixis for 470 Fourth Avenue, Gowanus, Brooklyn on July 20, 2021.

Trinity Place Holdings borrowed $52.4 million from Canadian Imperial Bank of Commerce for 237 11th Street, Gowanus, Brooklyn on June 18, 2020.

Development:

Steven Kahn filed plans for alteration in Gowanus, Brooklyn, on April 19, 2022.

Steven Kahn filed plans for alteration in Gowanus, Brooklyn, on December 01, 2021.

Steven Kahn filed plans for alteration in Gowanus, Brooklyn, on December 01, 2021.

Steven Kahn filed plans for major alteration for 92,722 sqft in Gowanus, Brooklyn, on November 30, 2021.

Steven Kahn filed plans for alteration in Gowanus, Brooklyn, on November 30, 2021.

Violations:

According to city public data, the properties have received one DOB violation, $1,250 in ECB penalties, four housing violations, and $2,950 in OATH penalties in the last year.

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