294 Degraw Street, Brooklyn (Carroll Gardens), NY, 11231 | $4,650,000

Once-in-a-Lifetime Opportunity: Exceptional 25-Foot Wide Townhouse on Prime Block in Carroll Gardens

Presenting 294 Degraw Street—a rare chance to own an expansive 25-foot-wide townhouse on one of Carroll Gardens’ most sought-after blocks. This extraordinary property, set on an extended 100-foot-deep lot, offers an exceptional canvas filled with possibilities. Currently configured as four spacious 2-bedroom floor-through apartments, each unit is adorned with original architectural details, soaring ceilings, and abundant natural light, embodying the classic charm of this historic neighborhood.

This original turn-of-the-century brownstone, with brick veneer facade added in the 1980's, includes a beautifully finished basement with high ceilings, perfect for additional living, entertaining, or recreational space, further maximizing the home’s versatility. Step into an expansive private backyard ready for your vision—whether for lush landscaping, outdoor gatherings, or a peaceful retreat.

Boasting excellent structural and mechanical integrity, 294 Degraw Street is ideal for a luxurious single-family conversion, aligning with other premier homes on this prime block. The layout allows for creating a grand mansion, a two- or three-family residence, or an upscale condominium conversion, offering boundless potential. With 830 sq ft of available air rights and the advantage of being non-landmarked in a landmark neighborhood, the property provides further flexibility for tasteful renovations or expansions.

Nestled in the heart of brownstone Brooklyn, Carroll Gardens is celebrated for its tree-lined streets, classic brownstone architecture, and lively community vibe. Bordering Cobble Hill, the neighborhood offers ultimate convenience with easy access to transit, lush parks including Brooklyn Bridge Park, and the vibrant shopping and dining along Court and Smith Streets. Widely regarded as one of New York City’s most desirable areas, Carroll Gardens is the perfect backdrop for this timeless property.

Unique Portfolio Opportunity
In addition, 294 Degraw Street is available as part of an exceptional free-market portfolio in Carroll Gardens, Brooklyn. This rare offering of four buildings, located nearby, spans nearly 16, 000 sq ft and includes 11 free-market apartments and 6 retail stores on Court Street. With significant upside potential and redevelopment opportunities, this is an unparalleled investment prospect in one of Brooklyn’s most coveted neighborhoods. For discerning investors and 1031 exchange buyers, the chance to secure this portfolio is truly unmatched. Please inquire for further details on this unique offering.

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