Carroll Gardens 3-family sells for $5.5M
The entity 393 Clinton LLC paid $5.5 million for the three-unit building (C0) at 393 Clinton Street in Carroll Gardens, Brooklyn.
The deal closed on April 8, 2025 and was recorded on April 11, 2025. The property has 6,425 square feet of built space and 86 square feet of additional air rights for a total buildable of 6,513 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $856 and the price per buildable square foot is $844 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The Schragers were the sellers. The signatory for the buyer was Thomas Petit. The contract date was January 9, 2025.
The property
The 1-4 family building with 3 residential units in Carroll Gardens has 6,425 square feet of built space and 86 square feet of additional air rights for a total buildable of 6,513 square feet according to a PincusCo analysis of city data. The parcel has frontage of 27 feet and is 79 feet deep with a total lot size of 2,171 square feet. The lot is irregular. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $7.4 million.
Violations and lawsuits
There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.
Development
There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.
The block
On this tax block, PincusCo has identified the owners of one of the seven commercial properties representing 7,052 square feet of the 27,210 square feet. The identified owner is Samuel Vega.
There are no active new building construction projects on this tax block.
The majority, or 51 percent of the 27,210 square feet of built space are retail buildings, with walkup buildings next occupying 26 percent of the space.
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