- For Sale $3,800,000
- Property Type Multi-Family
- Property Size 1,620 SF
- Lot Size 0.05 Acre
- Cap Rate % 0.06
- NOI / YR $215,000.00
- Taxes / YR $63,407.00
- Year Built 1940
- Date Updated Oct 28, 2026
Description
Prime South Carroll Gardens / Gowanus Investment Rare 16-Unit Multifamily Asset Exceptional opportunity to acquire a fully stabilized 16-unit multifamily building in South Carroll Gardens / Gowanus, one of Brooklyn s most tightly held and high-demand rental markets. This well-maintained walk-up features a desirable unit mix ranging from studios to three-bedroom apartments, including two duplex units on the first floor, driving consistent tenant demand and durable cash flow. The property is 100% occupied, with all units rent-stabilized and no rent-controlled apartments, offering predictable in-place income and long-term investment stability. A true core Brooklyn asset in a premier location ideal for investors seeking stable returns, strong fundamentals, and long-term appreciation in one of the borough s most resilient neighborhoods.
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Contacts
Nicholas Venturini
Ben Bay Realty Co
Location
Located at 486 3rd, Brooklyn, NY 11215, this property is part of the Gowanus neighborhood and Brooklyn market.
Contact Listing Broker
Nicholas Venturini
Ben Bay Realty Co