$2,145,000
Updated 10 years ago
Sold

488 3rd Ave

Gowanus, Brooklyn | 10th Street & 11th Street

16 Rooms7 Beds5.5 Baths1,950 Square FeetMulti-Family

$2,145,000
floors / apts3 / 3
Lot Size18'x80'
Built Size18'x40'
ZoneM2-1
Building TypeTownhouse
RE Taxes$2,860
Price Per SF
$1,100

This property was sold for $2,145,000 on 08/30/16.

Outdoor space and views

  • Backyard
  • Garden
  • Courtyard

Building Amenities

  • Voice Intercom

Property Description for 488 3rd Ave

If you've been looking for an investment property that also allows you to live in your own luxurious owner's duplex than 488 3rd Avenue is your next home. This recently renovated townhome has two 2 bedroom rental units and an owner's duplex with 3 bedrooms-2.5 baths and all have hardwood floors, lots of natural light, and an open floor plan layout for the living room-kitchen with street facing views, stainless steel appliances, modern finishes, recessed lighting, and exposed brick. The owner's duplex has a private entrance that leads to a modern parlor with a fireplace and a pass through that reveals a spacious gourmet kitchen with deep prep sink, stainless steel appliances, and marble countertops. The full sized gas range and oven even has an extendable spigot to fill pots easily. The same herringbone style wood floors run throughout the property as well as exposed brick accents. The master suite is immense with sun streaming through the windows and an over-the-top bathroom with white subway tiles, a steam shower with rainfall shower heads, and a double sink vanity with custom storage. Each unit has its own laundry hook ups and instant hot water tanks rather than a conventional water heater, new HVAC systems--plus they have smart home technology installed making heating, cooling and lights as easy as a tap of an app. The massive master bedrooms have backyard views and Queen sized second bedrooms with plenty of closet space for the modern Brooklynite. The incredible bathrooms have deep soaking tubs and sinks, spotless designer tilework, and custom cabinetry. The entire renovated townhome has a state of the art sound system wired throughout the units. The bricked backyard area features room for yoga, a grill, a table for al fresco dining, or even an urban herb garden. This 3,000 sq. ft. townhome was built in 1931 and is around the corner from the F and G 4th Ave. stop and a few blocks away from the 9th St. R stop with Fairway, Ikea, and Lowe's nearby. Award winning restaurants and shops lining Smith Street and Fifth Avenue's Restaurant Row are also nearby. With the recent condo projects across the street and around the corner, savvy buyers can get this three family property for the same price as a penthouse in one of the newer developments AND make money to pay for a mortgage making this townhome a must see for anyone looking to call a prime property in Brooklyn home!

Building Details for 488 3rd Ave

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

4 Av-9 St
0.12 miles
Smith-9 Sts
0.29 miles
Prospect Av
0.36 miles

Citi Bike

10 St & 2 Ave
0.12 miles
12 St & 4 Ave
0.16 miles

Contact Agents

Contact Agents

Mark Martov
Corcoran

Gowanus | Brooklyn

Quick Profile

Gowanus is a colorful neighborhood with an industrial aesthetic, tree-lined streets, historic structures, as well as luxury condos and rental buildings. It has a great art scene, fantastic eateries and bars and a 1.8-mile canal that snakes through most of the neighborhood. The variety of elements make it a desirable place to live.  

The neighborhood is on the crest of a major change due to a recently passed rezoning plan that will allow more residential construction. Especially around the Gowanus Canal where construction was once prohibited. The plan will bring new jobs, affordable housing, and create a neighborhood with walkable green spaces and amenities. It’s safe to say that change is coming to Gowanus.  

Gowanus is bounded by Hoyt Street to the west, 4th Avenue to the east, Warren Street, Baltic Street and Wycoff Street to the north, and Gowanus Expressway to the south.

The neighborhood is named after Gouwane, a chief in the Canarsie Indian tribe. His name, according to the history books, translates to “the sleeper.” Other historic accounts say that the Gowanus name comes from the Dutch word gouwee, which translates to the word bay. Based on early New York History surrounding Dutch settlers and native tribes, both accounts seem plausible. 

Gowanus began development as far back as the 1630s when the Dutch arrived. They began building farms and soon realized the marshy lands they settled were not the best for growing crops and farming. They began damming up certain areas of the land with hopes of creating better soil and powering their windmills. This was the beginning of the formation of the Gowanus canal.

The natural estuary was once brimming with oysters and fish. But in the 1800s, the canal was turned into an industrial and transportation waterway. In the mid 1900’s, industrial factories like manufactured gas plants, paper mills, and other businesses opened along the canal and casually polluted the water. It’s cleanup efforts have come a long way but there is still much work to be done. 

The newly approved Gowanus rezoning plan has caused lots of buzz this year. Mayor Bill DeBlasio's plan will rezone 82 blocks which will pave the way for an estimated 8,500 new apartments, 3,000 of which would be offered to low and moderate-income New Yorkers. The plan includes major improvements to the local infrastructure. Although the rezoning plan might not create a housing boom today or tomorrow, proponents say the rezoning sets the stage for major growth in Gowanus in the decades to come.

The F, G, D, N, R, and W subway lines service the Gowanus neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 63544TH