Carroll Gardens, Brooklyn, NY 11231
Property Type
Multi Family
Pets Allowed
Yes
Year Built
1920
RE Tax
$6,029 (Monthly)
Home Style
Prewar, Walk-Up
Listing courtesy of Arlene T Waye of Century 21 Awaye Realty.
Exceptional Carroll Gardens Investment with Future Upside Located in the highly desirable Carroll Gardens neighborhood, this beautifully renovated three-family townhouse presents an exceptional opportunity for investors, owner-occupants, or 1031 exchange buyers seeking strong income potential and long-term value. The property features three spacious two-bedroom residences, each thoughtfully updated with modern kitchens, full bathrooms, sun-filled living and dining areas, rich hardwood flooring, and exposed brick accents that seamlessly blend classic Brooklyn character with contemporary style. The garden duplex offers additional appeal with an in-unit washer and dryer and exclusive access to a private backyard—an ideal outdoor retreat for relaxing or entertaining. Designed for efficiency, each apartment has its own boiler and hot water heater, helping keep owner expenses low while maximizing rental income potential. One apartment is currently occupied, while two units will be delivered vacant, offering immediate flexibility for an owner-occupant, investor, or buyer looking to lease at current market rents. For those seeking a custom single-family residence, the property also offers the unique opportunity to convert it into a spectacular one-family townhouse, allowing a buyer to create the home of their dreams in one of Brooklyn's most coveted neighborhoods. Beyond the home itself, you'll enjoy everything that makes Carroll Gardens one of Brooklyn's most sought-after neighborhoods. Just moments from the acclaimed restaurants, cafés, and boutiques along Court Street and Smith Street, the area also offers beautiful parks, highly regarded schools, and a welcoming neighborhood atmosphere. The nearby F and G subway lines provide convenient access to Manhattan and the surrounding boroughs. Adding even greater value, the property includes buildable air rights, providing the potential for future expansion (subject to applicable approvals) and enhancing its long-term investment appeal. Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, live in one unit while generating rental income from the others, convert it into your dream single-family townhouse, or capitalize on future development potential, this exceptional Carroll Gardens property offers a rare combination of flexibility, location, and opportunity.
3
3
6
Brooklyn
RLS20107411
2,000 Sqft
Carroll Gardens
Multi Family
$6,029 (Monthly)
1920
See Remarks
Prewar, Walk-Up
Multi Family, Townhouse
3
1920
Yes
Carroll Gardens
Brooklyn
$6,029 (Monthly)
12
Total$18,861.60/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
| Address | Size | Sold For |
|---|---|---|
| 527 Clinton Street #NA #NACarroll Gardens | 6 BR / 3 BA | $2,750,000 |
Closed sales recorded by Brown Harris Stevens agents.

Carroll Gardens is a charming Brooklyn neighborhood known for its tree-lined streets, historic brownstones, and vibrant community.
RLSat REBNYThis information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
Last Updated: Aug 6, 2026 at 3:41 AM
RLS Data displayed by Brown Harris Stevens