Three Contiguous Multifamily Buildings

61 3rd Place

Carroll Gardens

$21,500,000

21,816 Gross SF
24 Residential Units
Clinton St & Court St Cross Streets
C1 Building Class
Subways
f
g
Multifamily 61 3rd Place, Carroll Gardens
Adam Hess
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Details

Block-Lots 366-47, 48, 49
Zoning R6B
Tax Class 2B

Overview

The 61, 63, and 65 3rd Place Portfolio consists of 3 eight-family properties providing a rare opportunity to acquire 21,826 SF in one of Brooklyn’s most coveted residential neighborhoods.  The buildings are just a half block off Court Street, one of Brooklyn’s best retail corridors.  The assets are comprised of 24 two-bedroom units; of which, 23 units are free market and one unit is rent stabilized.

The 23 renovated apartments have undergone a complete gut renovation with high-end finishes. Current ownership invested $2,400,000 in apartment renovations and an additional $500,000 in common area improvements.

61, 63, & 65 3rd Place also offers the additional advantage of being within New York City’s protected 2B tax class, limiting real estate tax increases.

Attractions

Carroll Gardens is one of Brooklyn’s most iconic and historic neighborhoods, offering unparalleled amenities for tenants. The property is conveniently located off of Court Street, a key retail corridor in the area boasting renowned restaurants, cafes, bars and boutique shops. Additional prominent retail corridors within walking distance are Smith Street and Atlantic Avenue.

Located just steps away from the F and G subways at the Carroll Street station, there is access to most of Brooklyn from north to south, and only a 20 minute commute to Manhattan.

Frankie’s Spuntino
Buttermilk Channel
Other Half Brewing
Whole Foods Supermarket
Barney's
Urban Outfitters
Bare Burger
Trader Joe's

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