Description

Corcoran is honored to exclusively present 163 Carlton Avenue located in the heart of Fort Greene, Brooklyn.

This property is a 4 story, 38,000 sq ft residential loft building with 19 units ranging between 1239 sqft - 2934 sqft!

We are currently in the early stage of condo conversion. The property can also sell as is. Please inquire for more details.

Formerly the historic W.W. Debevoise Candy Factory, 163 Carlton was converted into residential lofts back in 1998 and acquired by the current owner in 2003. These lofts are spacious, unique, and highly sought featuring original details such as exposed beams, brick, large windows, high ceilings and hardwood floors.

Some of the units have been renovated over the years with new kitchens, bathrooms, recessed lighting, and Split AC units.

The building features an elevator, garbage chutes and a shared laundry room (select units have washer dryer in unit).

163 Carlton Avenue is conveniently located around the block from Fort Greene Park and near all major trains R,Q, N, B, D, W at Dekalb/ 2,3,4,5 at Nevins or the G at Clinton Washington.

11 of the 19 units are free market. There are 8 units that are rent stabilized due to a J-51 which expired a few years ago. The RS units will be deregulated once the current tenants move out under J-51 laws.

Gross Income $1,030,618.00

Expenses $452,325

NOI $578,293

Building size 100X95

Lot size 100X100

FAR As Built 3.8/Max FAR 4