47 4th Street, Brooklyn, NY, 11231 | $6,995,000

Number 47 is one of the most unique offerings in New York City - a 50-ft-wide property designed by Maum Design with architect Jonathan Marvel. Located where Carroll Gardens meets Gowanus, the architect and designer repurposed two warehouses into a stunning two-story property with an unexpected grand and sophisticated interiors as you enter the building through one of the two pink doors. The turnkey property spans 5, 782 SF, with potential for future expansion to an impressive 12, 500 SF for single-family residential use. With its distinctive facade, soaring ceilings, private parking, two curb cuts, roof deck and sweeping views, it is a one-of-a-kind treasure for the discerning purchaser. This exceptional property has a rare collection of possibilities, thanks to one of the most thoughtful rezoning efforts in NYC recent history. The new M1-4/R6A Gowanus Zoning Approval for 47 4th street provides endless configurations for the property's use. As is, the buyer can enjoy it as a single-family luxury home with ease of expansion of the lifestyle component in the existing floorplan. As well, because of the rezoning, an unusual opportunity exists to create a larger single-family home or a live/work combination (with or without an income component). With 13, 500 to 16, 200 gross square footage available, countless residential and mixed-use scenarios can be explored. Upon arriving at Number 47, you will encounter a striking warehouse with a purple brick facade. On the exterior, the space brilliantly pays to the neighborhood's rich history. Step through a pink door to discover an astonishing interior reveal- a modern and chic designer's paradise. The bright and open ground floor spans an impressive 90 feet and boasts 17-foot ceilings. At the heart of the building, you will find a 30-ft glass interior open air atrium- a breathtaking architectural centerpiece that floods the space with dramatic natural light and views of the sky. It is a quiet oasis with a magical secret garden. One side of the building offers a uniquely transformable and massive entertaining, gallery and lifestyle space. It features a 12-ft glass folding wall, in-floor radiant heat, a Valcucine pantry and island, an elegant powder room, and a 6-ft linear gas fireplace. In the rear of the building, there's a home office/guest room with 20-ft ceilings and an ensuite bathroom. The upper penthouse is a sanctuary-like space of 1, 200 SF with oak floors, motorized shades, a walk-in closet, a washer/dryer, and a windowed en-suite spa bathroom. The bathroom includes a custom double vanity, a smart toilet, heated towel racks, a steam shower and soaking tub. The luxurious penthouse has clear southerly views, stunning sunsets and moonrises from its large adjoining terrace. The other side of the building showcases a state-of-the-art artist studio, workshop and gallery with large skylights, exposed wood beams, a mezzanine, a full bathroom, radiant heat, and remote-controlled garage car door for interior parking with additional security gate. Alternatively, the studio side of the building offers a spectacular white box opportunity that can be configured with ease to any of your lifestyle or business-related needs (additional bedrooms and bathrooms, a large pool - whatever your heart desires - see proposed floorplans). The evolution of Gowanus into what has been coined 'The Gowanus Riviera' is in full force under the recent rezoning of Gowanus with a series of nearly complete concierge residential buildings all along the Gowanus canal which are complimented by curated boardwalks, parks, public art and an exciting growth in various amenities and experiential destinations. The property's location offers the best of Carroll Gardens and Gowanus, with its numerous boutiques, chic restaurants, leafy streets, charming parks and a vibrant creative scene, and multiple schools within walking distance.

Features

  • Parking: Garage
  • Heating: Other, See Remarks
  • Cooling: None
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 3 full / 1 half
  • Complex: Carroll Gardens
  • Year Built: 1931
  • Approx Sq. Feet: 5,782
  • Est. Taxes: $23,568
  • School District: New York
  • MLS#: H6314806
  • Days on Market: 49 days
  • Website: https://www.raveis.com
    /prop/H6314806/474thstreet_brooklyn_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Serhant LLC   Phone: 646-480-7665

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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47 4th Street, Brooklyn, NY, 11231

$6,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $5,596,000 $5,596,000 $5,596,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.335% 6.612% 6.433%
Monthly Tax Payment $1,964 $1,964 $1,964
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $33,102 $35,371 $47,981
Total Monthly Payment $35,191 $37,460 $50,070

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.