$3,800,000

486 3rd Ave Gowanus, NY 11215

Gowanus Neighborhood

Estimated payment $24,958/month

19 Beds
16 Baths
6,480 Sq Ft
$586 Price per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to 4 Avenue-9 Street (D,M,N,R Line)
  • Heating System Uses Steam
  • P.S. 124 Silas B Dutcher Rated A-
  • Brick Front
  • Back Yard

About This Home

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

Listing Agent

Nicholas Venturini

Ben Bay Realty Co Listed on: 01/20/2026

Co-Listing Agent

Christina Girgenti

Ben Bay Realty Co

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $63,407

Year Built

  • Built in 1940

Lot Details

  • 2,267 Sq Ft Lot
  • Lot Dimensions are 85 x 26
  • Back Yard

Home Design

  • Flat Roof Shape
  • Block Foundation
  • Brick Front

Interior Spaces

  • 6,480 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 16 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 1014

Community Details

Overview

  • 16 Units

Building Details

  • Fuel Expense $6,073
  • Insurance Expense $13,388
  • Utility Expense $2,335
  • Gross Income $321,895
  • Net Operating Income $215,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$63,407

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Basement Amenities: Unfinished
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 27.00
  • Co List Office Mls Id: 116070
  • Co List Office Phone: (718) 680-6442
  • Confirmed By M L S Y N: Yes
  • Cross Street: 10TH ST
  • Cross Street Name2: 11TH ST
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 16
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 6480
  • Street Name I D X: 3rd
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 16
  • Total Bedrooms: 19
  • Flooring: Hardwood
  • Lot Sq Ft: 2267

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Block, Brick
  • Exterior: Brick Face
  • Foundation Details: Block
  • Lot Number: 48
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 6073.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 85
  • Lot Size Width: 26

Multi Family

  • Annual Gross Expense: 106000.00
  • Annual Gross Income: 321895
  • Insurance Expense: 13388.00
  • Property Net Operating Income: 215000.00
  • Annual Utility Expenses: 2335.00

Tax Info

  • Flip Tax Amount: 63407.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2026 01/20/26 For Sale $3,800,000 -- $586 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 498509

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11215 Gowanus

486 3rd Ave, Brooklyn, NY

For Sale

MultiFamily

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Nicholas Venturini
Listing Agent
Nicholas Venturini
Section Image
Ben Bay Realty Co
(917) 781-0272