Marcus & Millichap is pleased to present 74 1st Place in prime Carroll Gardens, Brooklyn.
74 1st Place is a massive 5 family, 5 story, 6,730 SF brownstone on the best block in Carroll Gardens. The property is built 25’ wide and sits on a 100’ deep lot making this an extremely rare opportunity to purchase a brownstone of this size. Every unit in the building spans the entire floor allowing the new owner ample space to create the home or investment of their dreams. The units are easily convertible into 3 or 4 bedroom units which are ideal for the growing neighborhood where young families are creating surging demand for larger units.
74 1st Place is ideally situated one block from the F & G trains at Carroll Street Station and one block away from Carroll Park along with shopping and dining on Smith Street.
The property is a perfect opportunity for an owner/user that wants a live plus income building or an investor that wants an architecturally significant building with tremendous rental/condo upside at an extremely low price per square foot basis. Many comparable building sales in the area have gone for well over $1,000 PSF with condo pricing consistently north of $1,500 PSF.
The property is zoned R6A and is in protected Tax Class 2A with a very low annual tax bill of $10,986.
