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486 3rd Ave
Brooklyn, NY 11215
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Brick walk-up building with fire escapes and numerous windows.
- 100% occupied and rent-stabilized; no rent-controlled units.
- Prime Brooklyn asset with durable income in a premier rental market.
- Sixteen units range from studios to three-bedrooms for stable cash flow.
- Outdoor staircase and brick exterior on a high-demand Carroll Gardens asset.
Executive Summary
Prime Carroll Gardens Investment. Rare 16-Unit Asset Exceptional opportunity to acquire a fully stabilized 16-unit multifamily building in Carroll Gardens, one of Brooklyn’s most tightly held and high-demand rental markets. This well-maintained walk-up property offers a strong unit mix ranging from studios to three-bedroom apartments, ensuring consistent tenant demand and durable cash flow. The building is 100% occupied, with all units rent-stabilized and no rent-controlled apartments, providing predictable in-place income and long-term investment security. A true core Brooklyn asset in a premier location—ideal for investors seeking stable returns, proven rental demand, and long-term appreciation in one of the borough’s strongest neighborhoods
Property Facts
| Price Per Unit | $237,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6% | Building Size | 14,480 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1940 |
| Apartment Style | Mid-Rise | ||
| Zoning | M2-1 - a medium manufacturing zoning district that allows for manufacturing and some commercial uses | ||
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 14,480 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1940 |
| Zoning | M2-1 - a medium manufacturing zoning district that allows for manufacturing and some commercial uses |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
Property Taxes
| Parcel Number | 01014-0048 | Improvements Assessment | $539,550 |
| Land Assessment | $27,900 | Total Assessment | $567,450 |
Property Taxes
Parcel Number
01014-0048
Land Assessment
$27,900
Improvements Assessment
$539,550
Total Assessment
$567,450
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