$3,800,000486 3rd AvenueBrooklyn, New York, 11215

Primary Features

  • Bedrooms: 19
  • Lot Size Square Feet: 2267 sqft.
  • Property Type: Residential
  • Property Sub Type: Multi Family
  • Year Built: 1940

Other Features

  • Flooring: Hardwood
  • Foundation Details: Block
  • Heating: Gas
  • Roof: Flat
  • Utilities: n/a
  • Electric: 220 V

Location

  • Street Address: 486 3rd Avenue
  • Neighborhood: Carroll Gardens
  • City: Brooklyn
  • State: New York
  • County: Kings (Brooklyn)
  • Postal Code: 11215

Pricing & Sale Info

  • List Price: $3,800,000
  • Tax Annual Amount: $63,407
  • MLS#: 498509
  • Last Change Timestamp: Jan 22, 2026
  • Source MLS: Brooklyn New York MLS

About This Property

Prime South Carroll Gardens / Gowanus Investment | Rare 16-Unit Multifamily Asset Exceptional opportunity to acquire a fully stabilized 16-unit multifamily building in South Carroll Gardens / Gowanus, one of Brooklyn’s most tightly held and high-demand rental markets. This well-maintained walk-up features a desirable unit mix ranging from studios to three-bedroom apartments, including two duplex units on the first floor, driving consistent tenant demand and durable cash flow. The property is 100% occupied, with all units rent-stabilized and no rent-controlled apartments, offering predictable in-place income and long-term investment stability. A true core Brooklyn asset in a premier location—ideal for investors seeking stable returns, strong fundamentals, and long-term appreciation in one of the borough’s most resilient neighborhoods.