Habitat Living NYC pays $4M for 2-family in Carroll Gardens

Habitat Living NYC through the entity Habitat On Degraw 2 LLC paid $4 million for the two-unit building (B9) at 303 Degraw Street in Carroll Gardens, Brooklyn.
The deal closed on April 30, 2026 and was recorded on May 13, 2026. The property has 3,000 square feet of built space and 1,961 square feet of additional air rights for a total buildable of 4,966 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,333 and the price per buildable square foot is $805 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 signatory for the seller was Joan Folwell. The signatory for Habitat Living NYC was Elliot Steinmetz . The contract date was December 31, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Habitat Living NYC purchased three properties in three transactions for a total of $10.9 million and has no record it sold any properties over the past 24 months.
The seller Joan Folwell had not purchased any other properties and had not sold any properties over the same time period.

The property

The building with two residential units in Carroll Gardens has 3,000 square feet of built space and 1,961 square feet of additional air rights for a total buildable of 4,966 square feet according to a PincusCo analysis of city data. The parcel has frontage of 24 feet and is 100 feet deep with a total lot size of 2,483 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.7 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 received $50 in OATH penalties 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 two of the 17 commercial properties representing 8,100 square feet of the 61,306 square feet. The two identified owners are Icon Realty Management and Sunny Bay, LLC.
There are no active new building construction projects on this tax block.

The majority, or 64 percent of the 61,306 square feet of built space are mixed-use buildings, with walkup buildings next occupying 23 percent of the space.

The buyer

The PincusCo database currently indicates that Habitat Living NYC owned at least three commercial properties with 14 residential units in New York City with 17,659 square feet and a PincusCo-determined asset value of $20.8 million. Within the portfolio, the bulk, or 70 percent of the 17,659 square feet of built space are walkup properties, with industrial properties next occupying 29 percent of the space.

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