Updated 2 days ago

19 Denton Place

Gowanus, Brooklyn | Carroll Street & 1st Street

14 Rooms6 Beds6 Baths3,233 Square FeetMulti-Family

$3,295,000
floors / apts3 / 5
Lot Size20'x90'
Built Size20'x60'
ZoneM1-4/R
Building TypeHouse
RE Taxes$7,305
Price Per SF
$1,019

Listing Features

  • Radiator

Outdoor space and views

  • City Views

Building Amenities

  • Voice Intercom

Property Description for 19 Denton Place

BUILDING OVERVIEWSet in the heart of Gowanus, Brooklyn, 19 Denton Place is a three-story, 3,233-square-foot multifamily building that offers investors a fully repositioned, income-producing asset just blocks from the neighborhood's rapidly transforming waterfront. The five-unit property is entirely free-market, comprising one two-bedroom, two one- bedrooms, and two studios, with no rent-stabilized units to manage around. Set on a 20' x 90' lot with M1-4/R6B zoning, the building offers investors a rare combination of stability and near-term upside in one of Brooklyn's most actively redeveloping submarkets.FRESH RENOVATIONS19 Denton Place offers investors the chance to acquire a fully free-market, recently renovated multifamily asset in Gowanus. Units feature updated kitchens with white shaker cabinetry, stainless steel appliances, and in-unit washer/dryers, along with renovated bathrooms, refinished flooring, updated lighting, and freshly painted interiors throughout. These upgrades allow the building to command strong, top-of-market free-market rents while minimizing near-term capital needs for a new owner, positioning the asset as a turnkey acquisition rather than a heavy value-add project.RENT ROLL UPSIDEActual in-place rents average $3,880 per month per unit, anchored by a two-bedroom currently renting for $5,500 per month. Three of the five units are currently vacant, giving a new owner the ability to bring them online at market rents immediately upon acquisition without the need to wait out an existing lease. This vacancy also unlocks unique redevelopment potential in one of Brooklyn’s most sought-after residential redevelopment pockets. Under pro forma assumptions, driven by mark-to-market increases on the building's one-bedroom and two-bedroom units, monthly residential revenue grows from $18,900 to $21,400, taking annual gross residential revenue from $226,800 to $256,800.Operating at a disciplined expense ratio of roughly 10% of effective gross income, 19 Denton Place delivers both dependable in-place cash flow and clear, achievable upside. The asset produces a 6.2% current cap rate, with pro forma projections, driven by the mark-to-market of in-place units and lease-up of the three vacant apartments, reflecting a 6.8% cap rate and meaningful growth in net operating income, from $203,475 today to $225,498 on a pro forma basis, with three vacant units ready for immediate lease-up and two additional units still priced below prevailing market rents, 19 Denton Place offers a clear, near-term path to realizing its full income potential.

Listing History for 19 Denton Place

Now
09/10/2026
$3,295,000
Initial Price by Shaun Riney
Marcus & Millichap
2026

Building Details for 19 Denton Place

OwnershipMulti-Family
Building TypeHouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/5
Learn More About the Building

Transit and Citi Bike

Subway

Union St
0.14 miles
4 Av-9 St
0.39 miles

Citi Bike

President St & 4 Ave
0.1 miles
3 Ave & Carroll St
0.11 miles

Contact Agent

Contact Agent

Licensed As
Shaun Riney
Broker
License#:
10301215754
Company:
Marcus & Millichap
Shaun Riney
Marcus & Millichap
View this property on the company's website

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: 93827TH