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193 Sackett St
Brooklyn, NY 11231
6.5% Cap Free-Market Mixed-Use Building · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Tax Class Protected
- 5 Free-Market Residential Units + 1 ground-floor retail space
- Top public elementary school
- 6.5% Cap Rate
- 2 Blocks from P.S. 29
- Proximity to Strong Retail Corridor and just 3 blocks from Court Street
Executive Summary
TerraCRG is pleased to exclusively represent ownership in the sale of 193 Sackett Street, a four-story, mixed-use building located in the heart of Carroll Gardens, Brooklyn.
The property consists of five free-market residential units and one ground-floor retail space occupied by a coffee shop. The asset generates approximately $247,000 in net operating income and is being offered for sale at a price reflecting a capitalization rate of 6.5%.
Located in one of Brooklyn's most established and desirable neighborhoods, the property is just two blocks from P.S. 29, one of the area's most sought-after public elementary schools, known for its strong academic performance. The property is also just three blocks from the Court Street retail corridor and benefits from immediate access to the restaurants, cafés, boutiques, and neighborhood amenities along both Court Street and Smith Street.
193 Sackett Street presents investors with the opportunity to acquire a mixed-use asset with stable in-place cash flow, free-market units, and potential upside through repositioning units in one of Brooklyn’s premier neighborhoods.
The property consists of five free-market residential units and one ground-floor retail space occupied by a coffee shop. The asset generates approximately $247,000 in net operating income and is being offered for sale at a price reflecting a capitalization rate of 6.5%.
Located in one of Brooklyn's most established and desirable neighborhoods, the property is just two blocks from P.S. 29, one of the area's most sought-after public elementary schools, known for its strong academic performance. The property is also just three blocks from the Court Street retail corridor and benefits from immediate access to the restaurants, cafés, boutiques, and neighborhood amenities along both Court Street and Smith Street.
193 Sackett Street presents investors with the opportunity to acquire a mixed-use asset with stable in-place cash flow, free-market units, and potential upside through repositioning units in one of Brooklyn’s premier neighborhoods.
Property Facts
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.50% | Lot Size | 0.05 AC |
| No. Units | 6 | Building Size | 4,000 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Mid-Rise | ||
| Zoning | R6B | ||
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,000 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | R6B |
Property Taxes
| Parcel Number | 00331-0034 | Improvements Assessment | $939,600 |
| Land Assessment | $332,550 | Total Assessment | $1,272,150 |
Property Taxes
Parcel Number
00331-0034
Land Assessment
$332,550
Improvements Assessment
$939,600
Total Assessment
$1,272,150
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