255 3rd Avenue

$2,750,000
Last Sold Price
6
Beds
4,400 Sq. Ft.
$625 / Sq. Ft.
4,400
Sq. Ft.
$625
per Sq. Ft.

Description

Location equals opportunity! Searching for the perfect investment property found in one of the hottest neighborhoods in Brooklyn? With three newly renovated two-bedroom apartments and a well-known restaurant, the property at 255 3rd Ave in the Gowanus neighborhood offers a central location with plenty of popular shopping and dining within walking distance. A total of four units are found in this mid-rise apartment building measuring 20 feet wide and providing 5,200 square feet of total space. Built...Location equals opportunity! Searching for the perfect investment property found in one of the hottest neighborhoods in Brooklyn? With three newly renovated two-bedroom apartments and a well-known restaurant, the property at 255 3rd Ave in the Gowanus neighborhood offers a central location with plenty of popular shopping and dining within walking distance. A total of four units are found in this mid-rise apartment building measuring 20 feet wide and providing 5,200 square feet of total space. Built in 1931, the building offers plenty of history and remains in great condition. The roof was recently redone and all the Mechanicals of the building are in top condition. The building offers three beautifully-renovated 1,100-square-foot apartments with central AC/Heat, a dishwasher, and an in-unit Washer/Dryer. All three units offer an open gallery living/dining space, hardwood floors throughout, and multiple ceiling fans. Plenty of closet space is provided and both bedrooms can accommodate a queen bed with other furnishings. All three units are currently rented and have fabulous tenants.. Dating back to 1948, the restaurant space has been continuously serving diners and truly makes this investment property a unique opportunity. The space is fully compliant with New York State Laws and offers everything necessary. Currently the space is occupied by Two Toms Restaurant, but this space may also be delivered vacant, if necessary. The location, just off the corner of 3rd Ave and Union St, provides incredible traffic levels with many other surrounding businesses, such as Whole Foods, Freaks Mill, Little Neck, Claro, and several more. Transit and commuter rail options are located just a short walk from the building, making this a prime location in the Gowanus neighborhood for tenants. The building is completely free and clear offering the perfect opportunity for the right investor.
  1. Listed by Melanie M. Kishk • Century 21 MK Realty
  2. Listed by Jack Kishk • Century 21 MK Realty

Amenities

  • Hardwood Floors
  • Walk Up
  • Laundry in Building
  • Ceiling Fan
  • Dishwasher
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
LISTING UPDATED: 01/08/2020 11:40 AM

Property Details for 255 3rd Avenue

StatusSold
MLS ID432789
Days on Market64
Taxes$17,530 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeTownhouse
MLS TypeMixed Use
Year Built1931
Lot Size1,598 SF / 20' x 80'
CountyKings County

Building

255 3rd Ave

3 Units4 StoriesBuilt in 1931

Location

Listing Courtesy of Century 21 MK Realty

Sold By Compass Greater NY, LLC

Add your commute

Building Information for 255 3rd Avenue

Stories4Residences3Year Built1931Building Size20' x 57'Building Sq. Ft4,560 SFLot Size1,598 SF / 20' x 80'Building AgePre-warBuilding TypeLowrise

Payment Calculator

$15,869 per month

30 year fixed, 6.845% Interest

Principal and Interest

$14,408

Property Taxes

$1,461

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 255 3rd Avenue

Summary
Location and General Information
  • Block: 441
  • Number Of Stories: 1
  • Cross Street Name: Union St
  • Cross Street Name: President St
  • Zoning: M1-2
  • Roof: Asphalt/Tar
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Assumption, Bank Mortgage, Cash
  • Tax Amount: 17530.0
Property
Lot Information
  • Sq Ft Total: 4400
  • Yard: Back
  • Lot Number: 6
  • Lot Size Irregular YN: No
  • Lot Size Length: 80
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 5+
  • Hot Water: Hot Water Coil in Boiler
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full, Unfinished
  • Commercial Features Interior: Fire - Smoke Alarm, Kitchen, Restrooms - Public
  • Foundation Details: Block
  • Flooring: Concrete, Hardwood
  • Unit Count: 4
  • Lavatories: 4+
  • Construction Materials: Block
  • Electric: 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Sign - Building
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1140.0
  • Building Length: 57.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Baths Half: 1.0
  • Unit Category: Store
  • Unit Current Rent: 5600.0
  • Unit Floor: 1
  • Unit Status: Owner Occupied
  • Unit Unit Type: Restaurant
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 3250.0
  • Unit Features: Appliances Included,Dishwasher
  • Unit Floor: 2
  • Unit Rooms Total: 4
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 3000.0
  • Unit Features: Appliances Included,Dishwasher
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 3250.0
  • Unit Features: Appliances Included,Dishwasher
  • Unit Floor: 4
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
  • Selling Agent MUI: 1480467.0
Rental
Rental Information
  • Insurance Expense: 4200.0
  • Owner Occupied: Yes

Property History for 255 3rd Avenue

DateEvent & SourcePriceAppreciationLink
Jan 6, 2020

Sold

BKMLS #432789

$2,750,000
Jan 6, 2020

Contract Signed

BKMLS #432789

Aug 26, 2019

Listed (Active)

BKMLS #432789

$2,999,999
Apr 17, 2019

Permanently Off Market

RLS RESO #RLS10422289

Mar 22, 2018

Listed (Active)

RLS RESO #RLS10422289

$4,100,000
DateEvent & SourcePrice
01/06/2020

Sold

BKMLS #432789

$2,750,000
01/06/2020

Contract Signed

BKMLS #432789

08/26/2019

Listed (Active)

BKMLS #432789

$2,999,999
04/17/2019

Permanently Off Market

RLS RESO #RLS10422289

03/22/2018

Listed (Active)

RLS RESO #RLS10422289

$4,100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 255 3rd Avenue

This home is within New York City Geographic District #13.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
P.S. 282 Park Slope
PublicPK to 5

Brooklyn Technical High School
Public9 to 12

P.S. 133 William A Butler
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Century 21 MK Realty

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.