172 Third Avenue

Yitzchok Katz of Goose Property Management is in contract to buy a vacant lot at 172 Third Avenue in Gowanus from the Elo Organization. The contract was signed in March 2023, with a deadline of October 15, 2024. The site, located in a recently rezoned area for residential development, was bought by Elo in 2009 for $7.8 million. Plans for a 20,000-square-foot building were filed in 2017, and a $21.5 million loan was taken out in 2021. Katz is linked to Simon Dushinsky’s Rabsky Group through Goose Property Management.