Charney Companies Expands Portfolio with $4.2M Carroll Gardens Acquisition

Charney Companies Expands Its Real Estate Footprint in Brooklyn

In a strategic move reflecting its rapid growth, Charney Companies has recently acquired an 8-family residence located at 83 Second Place in the picturesque Carroll Gardens neighborhood of Brooklyn for $4.2 million. This deal underscores Charney's ability to maneuver swiftly in the competitive real estate market, with contract execution to closing taking a mere one week.

A Prime Location in Carroll Gardens

Carroll Gardens is celebrated for its charming tree-lined streets, a tight-knit community atmosphere, and convenient access to various public transportation options. The latest addition to Charney's portfolio not only bolsters their presence in a highly desirable area but also aligns with their ongoing projects throughout New York City. The property at 83 Second Place is conveniently situated near the Carroll Street and Smith-9 Street subway stations, providing direct connections to Manhattan and Downtown Brooklyn. Multiple bus routes, including the B57 and B61, offer additional transportation options, enhancing the area's accessibility.

Residents and visitors alike can enjoy the nearby green spaces, including Carroll Park, Coffey Park, and the Brooklyn Waterfront Greenway, perfect for outdoor activities and relaxation. The area is also known for its vibrant culinary scene, featuring renowned restaurants like Frankies 457 Spuntino, Lucali, and Buttermilk Channel, alongside local favorites such as Ugly Baby and East One Coffee Roasters. This prime location not only attracts families but also young professionals seeking a lively urban lifestyle combined with suburban charm.

Charney Companies' Vision and Commitment

Founded in 2013, Charney Companies has established itself as a comprehensive real estate development, construction, brokerage, and management firm. With a focus on creating, owning, and operating top-tier residential and commercial properties, the company plays a vital role in all phases of the development process. They leverage their extensive experience and expertise to deliver high-quality products to the market, ensuring excellent returns for their investors. Currently, Charney manages and is developing two million square feet of real estate across Brooklyn and Queens. Over the past five years, they have earned accolades from municipal organizations and media outlets for their innovative projects and community contributions.

“Our Carroll Gardens purchase showcases Charney Companies' agility. We can swiftly engage in a transaction and close within such a short timeframe,” stated Sam Charney, the Principal of Charney Companies. This agility is particularly noteworthy in a city where real estate transactions are often met with extensive negotiations and due diligence processes.

Future Developments and Projects

This acquisition comes on the heels of ongoing construction at the Gowanus Wharf campus, with the Union Channel building nearing its first residents. Furthermore, Charney is actively constructing 95 Rockwell, a new condominium in nearby Fort Greene, suggesting a broader strategy to expand its footprint throughout Brooklyn.

As Charney Companies continues to grow and adapt to the ever-changing real estate landscape, their recent purchase in Carroll Gardens clearly signals their commitment to investing in thriving communities throughout New York City. The integration of such valuable properties into their portfolio not only enhances their offerings but also contributes positively to the neighborhoods they serve.

For further information on Charney Companies and their projects, please visit charneycompanies.com.