475 3rd Avenue

$2,995,000
Price
4
Beds
2
Baths
3,240 Sq. Ft.
$924 / Sq. Ft.
3,240
Sq. Ft.
$924
per Sq. Ft.

Description

Rare chance to own a major income producing mixed-use property in the heart of the trending Red Hot Gowanus neighborhood. This 3 Unit Brick-Construction 2 Family plus 1 Commercial Store is an extra large 18' x 60' building size featuring 2 Bedrooms over 2 Bedrooms over Store with Backyard and Basement. No leases on Apartments, possible to deliver fully vacant including store. Perfect for End User and Investors alike in one of the most desirable and sought after downtown Brooklyn locations, close...Rare chance to own a major income producing mixed-use property in the heart of the trending Red Hot Gowanus neighborhood. This 3 Unit Brick-Construction 2 Family plus 1 Commercial Store is an extra large 18' x 60' building size featuring 2 Bedrooms over 2 Bedrooms over Store with Backyard and Basement. No leases on Apartments, possible to deliver fully vacant including store. Perfect for End User and Investors alike in one of the most desirable and sought after downtown Brooklyn locations, close to all. This property boasts incredible potential for the next owner to sit back and collect handsome annual Rent Rolls in an increasingly appreciating market that Gowanus is renowned for. Just 1 block to the F/R/G trains at 9th St/4th Ave station, and a short distance to the top neighborhood amenities such as Whole Foods market, Four and Twenty Blackbirds, Pig Beach, Royal Palms, Loews, and countless other restaurants, bars, cafes and shops that make this area a vibrant and bustling attraction. Just Minutes from Barclays Center, Prospect Park, Park Slope and Carroll Gardens offer incredible variety and excellent school choices. Don't wait, Seller is highly motivated and ready to hear all offers! Make this dream property your reality today!
  1. Listed by Billy E. Apter • RE/MAX Real Estate Professiona
  2. Listed by Theo Bacon • RE/MAX Real Estate Professiona

Amenities

  • Basement
  • Parking Included
  • Lowrise

Location

Listing Courtesy of RE/MAX Real Estate Professiona
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LISTING UPDATED: 02/29/2024 09:01 AM

Property Details for 475 3rd Avenue

StatusActive
MLS ID430297
Days on Market1796
Taxes$3,600 / year
Maintenance-
Min. Down Pymt-
Total Rooms8.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1901
Lot Size1,243 SF / 18' x 70'
CountyKings County

Building

475 3rd Ave

2 Units3 StoriesBuilt in 1901

Location

Listing Courtesy of RE/MAX Real Estate Professiona
Add your commute

Building Information for 475 3rd Avenue

Stories3Residences2Year Built1901Lot Size1,243 SF / 18' x 70'Building Age-Building Type-

Payment Calculator

$16,645 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,345

Property Taxes

$300

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 475 3rd Avenue

Summary
Location and General Information
  • Number Of Stories: 1
  • Cross Street Name: 10th St
  • Cross Street Name: 11th St
  • Zoning: R6A
  • Roof: Asphalt/Tar
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 3600.0
  • Gross Expense: 10800.0
  • Gross Income: $92,028.00
  • Cap Rate: .03%
Property
Lot Information
  • Sq Ft Total: 3240
  • Yard: Other
  • Lot Size Irregular YN: No
  • Lot Size Length: 70
  • Lot Size Width: 18
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Baseboard, Steam/Radiator, Other
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 600.0
  • Fuel Expense: 2000.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Other
  • Commercial Features Interior: Fire - Smoke Alarm, Kitchen, Restrooms - Public, Window Display, Other
  • Foundation Details: Slab Concrete, Other
  • Flooring: Hardwood, Tile, Other
  • Unit Count: 3
  • Lavatories: 3
  • Construction Materials: Brick, Other
  • Electric: 200 Amp, Circuit Breakers
  • Ceiling Height: 8-10 Foot
Exterior Features
  • Exterior: Other
  • Commercial Features Exterior: Sign - Building, Storm Drains, Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1080.0
  • Building Length: 60.0
  • Building Type: Attached
  • Building Width: 18.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 3189.0
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Bar
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2240.0
  • Unit Features: Appliances Included,Heat Included,Oven/Range,Refrigerator,Water Included
  • Unit Floor: 2
  • Unit Rooms Total: 4
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2240.0
  • Unit Features: Appliances Included,Heat Included,Oven/Range,Refrigerator,Water Included
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 81228.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 3600.0
  • Owner Occupied: No
  • Rent Income: 92028.0

Property History for 475 3rd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 475 3rd Avenue

Taxable ValueLand$19,320Additions$151,740Total$171,060
Home Facts
Total Finished SqFt2,720 SqFtLot Size1,242 SqFtYear Built1901ZoningR6AAPN3010150010

Schools near 475 3rd Avenue

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
P.S. 124 Silas B Dutcher
PublicPK to 5

Ms 51 William Alexander
Public6 to 8

John Jay School for Law
Public9 to 12

Maurice Sendak Community School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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475 3rd Avenue is a mixed use property for sale in Gowanus. This property was listed for sale on May 26, 2019 by RE/MAX Real Estate Professiona, it's currently listed at $2,995,000. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S. 124 Silas B Dutcher, Ms 51 William Alexander and John Jay School for Law. 475 3rd Avenue is a 4-bed, 2-bath, 3,240 sqft mixed use property built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Real Estate Professiona

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.