Mixed-Use Building with 2 Free Market Units in Gowanus
281 3rd Avenue
Gowanus
Cross Street
President Street & Carroll Street
Gross SF
2,531
Zoning
M1-4, R6B
Lot Dimensions
18.75 ft x 70 ft
Subways
b
d
n
q
r
2
3
4
5
Other Transportation
LIRR
LIRR
✕
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Mixed-Use
281 3rd Avenue,
Gowanus
646-427-2290
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Details
Stories
3
Residential Units
2 (FM)
Commercial Units
1
FAR
2.0
Overview
TerraCRG has been exclusively retained to represent ownership in the sale of 281 3rd Avenue, a mixed-use building in the heart of Gowanus. Located between Carroll and President Street, the property consists of 2 free market apartments and one retail store occupied by a Nail Salon. The residential units are rented on a month-month basis and have substantial upside on the rents. The 2,531 SF property has very low expenses as it is in protected tax class 1. It currently has a gross annual income of ~$111,000 and a net operating income of ~$93,000 after expenses. Located in the bustling neighborhood of Gowanus, the property is near multiple recently completed new construction rental developments and sits close to the 4th Ave R train and half a mile from Atlantic Terminal.Attractions
501 Union Street
Abbotsford Road Coffee
al di la Trattoria
Artist & Craftsman Supply
Baba's Pierogies
Bell House
Benchmark Bison & Bourbon
Brooklyn Boulders
Brooklyn Fencing Center
Canal Bar
City Well Brooklyn
Claro
Cliff's at Gowanus
Cotra
Court 16 Tennis
Dinosaur Bar-b-Que
Dirty Precious Bar
Fairfield Inn & Suites
Finback Brooklyn Four & Twenty Blackbirds
Goldfish Swim School
Gotham Archery
Holiday Inn Express
Homage Skateboard Academy
