8-Unit Multifamily Building

5 Fourth Place

Carroll Gardens

Building SF 5,300 SF
Units 8
Cross Streets Henry/Clinton St.
Subways
f
g
Buses
B57
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Multifamily 5 Fourth Place, Carroll Gardens
Matthew Cosentino
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Details

Buildable SF 4,000 SF
Lot SF 2,000 SF
Lot Dimensions 25.00 ft x 80.00 ft

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 5 Fourth Place, an eight-unit multifamily building in Carroll Gardens, Brooklyn.

Located between Henry Street and Clinton Street, 5 Fourth Place is a four-story brick building built at 25ft x 54 ft and consisting of 5,300 SF. The building is comprised of eight units, six of which are free market and two rent stabilized. The rent stabilized units provide the potential for significant upside on the rents. The opportunity offers a gross annual income of $217,049 and an NOI of $167,060.

Attractions

In the heart of Brownstone Brooklyn, Carroll Gardens is bursting with independently run cafes, trendy restaurants, and chic boutiques. The neighborhood is also adjacent to Cobble Hill and in proximity to Boerum Hill, Gowanus and Red Hook – all of which are desirable Brooklyn neighborhoods for families and young professionals. Several popular attractions nearby include Lucali, Brooklyn Farmacy & Soda Fountain, Carroll Park, Brooklyn Habit, Frankies 457 Spuntino, East One Coffee Roasters and Gowanus Yacht Club to name a few.

The building is located in a prime section of Carroll Gardens, just three blocks from the F and G trains at Carroll Street and near the entrance to the BQE providing access to Manhattan and Queens.

Lucali
Brooklyn Farmacy & Soda Fountain
Carroll Park
Brooklyn Habit
Frankies 457 Spuntino
East One Coffee Roasters and Gowanus Yacht Club

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