Project Description

552 Court Street | Carroll Gardens

Asset Type: Mixed Use

Transaction Closed

Price:  $2,550,000

No. of Properties: 1

No. of Units:  3

No. of Retail: 1

Building Size: 3,000 SF

Zoning: R6A, C2-4

Additional BSF: 1,000

Building Dimensions: 20 ft x 50 ft

Investment Highlights

Bestreich Realty Group (BRG) is pleased to to announce that it has closed 552 Court Street, a mixed use property located in the Carroll Gardens section of Brooklyn. This property features 2 two-bedroom floor through units, as well as a commercial unit on the ground floor. The commercial unit has one five-year option at the end of this lease term and pays 1/3 of the annual tax bill over tax year 2013/2014. Additionally, the retail has a 3% annual increase. The property is built 20 ft x 50 ft, sits on a 20 ft x 80 ft lot, and is zoned R6A, C2-4. With a max FAR of 3, the property also offers approximately 1,000 buildable square feet.

This property is located near the F and G Subway lines offering easy and quick access to the City. It is located along a strong strip of retail on Court Street and offers a strong and stable retail and rental market. Carroll Gardens has established itself as a sought-after neighborhood and is full of amenities such as new bars, restaurants, cafes, and artisan shops. The subject offering provides a new owner with the opportunity to acquire a well maintained free market building with air rights in an excellent neighborhood.

Call: (718) 360-8801

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