$5,500,000
Updated 2 months ago
Off Market

137 Nelson Street

Carroll Gardens, Brooklyn | Clinton Street & Court Street

18 Rooms8 Beds8.5 Baths6,000 Square FeetIncome Property

$5,500,000
floors / apts4 / 8
Lot Size20'x100'
Built Size20'x60'
ZoneR6B
Building TypeLow-Rise
RE Taxes$31,554
Price Per SF
$917

Outdoor space and views

  • City Views
  • Garden Views
  • Skyline Views

Building Amenities

  • Voice Intercom

Property Description for 137 Nelson Street

Looking for your next prime investment with minimal headache? A rare opportunity to acquire a fully renovated original brick, 8-unit free-market asset in one of Brooklyn’s most desirable neighborhoods. 137 Nelson St underwent a full gut renovation to condo-level specifications and has since been held as a rental with professional management and excellent tenant retention. Each unit features modern finishes, stainless steel appliances, in-unit laundry, and efficient layouts designed for long-term rental performance. With extremely low maintenance and real estate taxes compared to similar investment assets, the property delivers robust in-place cash flow with upside through pro forma rent adjustments as leases roll over in 2026. Located in a high-demand submarket with consistent rental velocity, this offering is ideal for investors seeking a low-risk, high-yield asset with long-term appreciation potential. Bonus depreciation and accelerated cost recovery strategies further enhance after-tax returns for qualified buyers (consult CPA) Contact me for a full property set up

Listing History for 137 Nelson Street

Now
06/25/2026
POM by Tomer Shmuel
FIND Real Estate
06/05/2026
$5,500,000 [-$695,000] [11.2%]
Price Drop by Tomer Shmuel
FIND Real Estate

Building Details for 137 Nelson Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2026
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Smith-9 Sts
0.33 miles
Carroll St
0.35 miles

Citi Bike

Clinton St & 4 Place
0.09 miles
Court St & Huntington St
0.1 miles

Contact Agents

Contact Agents

Tomer Shmuel
FIND Real Estate
Dani Ohayon
FIND Real Estate

Carroll Gardens | Brooklyn

Quick Profile

Filled with charming churches, whose ringing bells punctuate the days, together with quirky boutiques, trendy bars, Italian bakeries, and restaurants featuring a wide variety of cuisines, with an emphasis on traditional Italian cuisine, Carroll Gardens maintains a sense of Old World charm. While most of the restaurants are small and family-owned, there are Michelin-rated restaurants for those special date nights. Abundant coffee shops and bakeries ensure you are never far from a tasty pastry and your next cup of joe.

Unlike many neighborhoods, Carroll Gardens has an impressive array of grocery stores, including the popular Court Street Grocers. While Carroll Park is the main green space, located in the heart of the neighborhood, there are other parks, such as the Brooklyn Bridge Park, Cadman Plaza Park, and Van Voorhees Playground, all within easy walking distance.

Court and Smith Streets are the main commercial areas, packed with bakeries, intimate bars, unique boutiques, and small mom-and-pop Italian cafes, many with sidewalk or patio seating. Court Street has most of the older businesses that have operated for generations in the same location. Smith Street has more trendy establishments. 

If you are looking for a neighborhood that is quieter and less congested, Carroll Gardens might be a perfect fit. It is a great place to raise a family, with good schools and safe streets. It is the type of place where you will know the names of your neighbors and the owners of the shops and restaurants you frequent. It is a great walkable neighborhood for retirees, and an easy commute into the city for young professionals. The streets are shady and tree-lined, and many feature brownstones and townhouses that sport sizeable front gardens, adding to the natural charm of the 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: 37057TH