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