Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 30 3rd Street in the Carroll Gardens neighborhood of Brooklyn. The eight unit building will be delivered with four vacant units, including a ~1,500 SF ground floor duplex. The property is located one block from the Smith Street retail corridor and two blocks from Whole Foods.

The building is over 27′ wide and totals 8,436 SF. The four vacant units include two large two bedroom units on the 2nd and 3rd floors and a 1,500 SF owners duplex that could be expanded into the adjacent vacant first floor studio. The remaining four units are rent stabilized, paying an average of $950/month  or $10/SF. Similarly sized renovated units in this area rent for over $55/SF. The property could eventually be converted to condos, given the location and number of vacancies. Condos in the immediate area are selling for over $1,400/SF

Carroll Gardens has become one of the premier residential areas in Brooklyn with classic Brownstone lined streets and convenient access to Smith Street and Court Street, two of the best retail corridors in Brooklyn. This property is ideally situated two blocks from the new Whole Foods at 3rd street and Third Avenue and is steps from Smith Street, which has become a premier retail corridor in Brooklyn. Smith Street’s shops mix contemporary style with a large variety of upscale boutiques and gourmet restaurants. Retailers on the street include nationals such as Starbucks, Free People and American Apparel.

The properties are within walking distance of the Carroll Street F & G trains, 9th Street F &G as well as the R train at Union Street. Th property is also one stop away from Atlantic Terminal and Barclays Center, providing access to all major subways.