$595,000
- Beds
- Unknown
- Baths
- 1.0
- sq ft
- 520
406 Bond St Unit 2, Brooklyn, NY 11231
406 Bond St Unit 2
New York City, NY 11231
- 49 days on market
- Price drop $70,000↓
- Open house Apr 12
<p>Modern & Move-In Ready Studio in Prime Brooklyn Location</p> <p>Now 595,000 - Own in Carroll Gardens/Gowanus for Less Than Renting</p> <p>Live smart in this sleek, LEED Platinum-certified studio condo at the award-winning Third + Bond. Recently reduced from 665,000, 406 Bond St. Unit #2 offers low monthly costs, modern finishes, and real investment potential in a prime Brooklyn location.</p> <p>Why You''ll Love This Home:</p> <p>Spacious, Open Layout - High ceilings & oversized windows make this home feel larger than expected. Smart & Flexible Design - Customize the space with a Murphy bed, divider, or built-in shelving to create a 1-bedroom feel. Energy-Efficient & Low Maintenance - Sustainable materials, quiet interiors & cost-saving insulation. Easy Access & Privacy - No waiting for elevators; enjoy a townhouse-style entrance feel in a gated setting. Top Location for Work & Play - Easy access to the F/G subway, Whole Foods, and Carroll Gardens best restaurants, cafes & nightlife. Excellent for First-Time Buyers, Investors, Pied- -Terre Seekers & Downsizing Homeowner!</p> <p>INTERIOR HIGHLIGHTS:</p> <p>Soaring ceilings and oversized windows. Full-size stainless steel appliances. In-unit washer/dryer. Zoned heating & cooling. Open layout Excellent for separating sleep, dining, and living areas</p> <p>INVESTORS: </p> <p>Strong rental demand in this sought-after neighborhood. Breakeven with in 10-15 Years with rental income alone. FIRST-TIME HOMEBUYERS: A move-in-ready home in a vibrant, growing community. PIED- -TERRE BUYERS: A stylish, low-maintenance NYC retreat. DOWNSIZING HOMEOWNERS: The excellent downsized, hassle-free home with easy city access.</p> <p>FIRST TIME HOMEBUYERS BENEFITS: </p> <p>Price: 595,000, Low HOA: 391/month, 421a Tax Abatement through 6/30/2027 - current taxes under 200/month, Total monthly cost under 3,570 (20 percent down @ 6.3-6.5 percent interest), Gated entry, security cameras, and video intercom. Convenient ground-floor access - no elevator wait, no stairs</p> <p>INVESTOR-FRIENDLY:</p> <p>Estimated rental income: 3,000-3,500/month, Positive cash flow during tax abatement period, Low monthlies = strong ROI in a high-demand rental market</p> <p>EXCELLENT FOR DOWNSIZING HOMEOWNERS:</p> <p>Ground-floor entry - no stairs or elevator needed, Monthly costs under 600 (HOA + taxes) with all-cash purchase. Guarded, low-maintenance, lock-and-leave lifestyle, Walkable to parks, restaurants, and groceries</p> <p>LOCATION PERKS:</p> <p>Easy access to Carroll Street F/G subway, Whole Foods, Gowanus waterfront, Bond Street cafes, and Carroll Gardens favorite shops. The best of Brooklyn is at your door. Whether you''re buying your first home, investing, or downsizing - 406 Bond St. Unit #2 delivers lasting value, comfort, and convenience.</p> <p>Grab it before its gone - this is one of the few Brooklyn condos priced below rent with low carrying costs and long-term value. Don''t miss out on this rare opportunity-schedule your showing today!</p>
Details
Property type
Condominium
Lot size
Unknown
Price per sq ft
$1,145
Year built
2011
Monthly HOA fee
$391
Price History
04/06/2025

REBNY #RLS20006535
Price change
$595,000
-10.53%
03/23/2025

REBNY #RLS20006535
Price change
$665,000
-0.74%
02/20/2025

REBNY #RLS20006535
Listed
$669,990
Schools & Community
Neighborhood:
Gowanus
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 04/10/2025 at 7:10 AM
Listing updated: 04/09/2025 at 6:56 AM
Listed by: Waiki Sin, Douglas Elliman Real Estate Phone #: (212) 891-7000
MLS: REBNY #RLS20006535

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