288 3rd Ave
Brooklyn, NY 11215
Retail Property For Sale

MYC & Associates, Inc. has been exclusively retained to represent ownership in the sale of 288 3rd Avenue, a mixed-use building in the heart of Gowanus. Located between Carroll and President Street, the property consists of 2 free market apartments and one retail store occupied by a restaurant.
The top floor residential unit has a lease which expires in July 2025 and the owner resides in the second floor apartment. Both apartments are composed of 2-bedrooms and 1-bath.
This +/-3,033 SF property has very low expenses as it is in protected tax class 1. It currently has a gross annual income of +/-$146,400 and a net operating income of +/-$125,000 after expenses.
Located in the bustling neighborhood of Gowanus, the property is near multiple recently completed new construction rental developments and sits close to the 4th Ave R train and half a mile from Atlantic Terminal.
Basic Terms of Sale ... This property is sold by a bankruptcy trustee free and clear of all liens, claims, and encumbrances and in “as-is, where-is” condition. Any sale of this property is "all-cash" and will not be contingent upon financing. Purchaser to pay all applicable transfer taxes.
Disclosure ... All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.