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Corner Mixed-Use Development Opportunity 291 President St 8,574 SF Retail Building Brooklyn, NY 11231 For Sale
INVESTMENT HIGHLIGHTS
- Rare Carroll Gardens Mixed-Use Re-Development Opportunity
- 200 ft of Frontage on Smith Street
- Park Front Directly Across from Carroll Park
- 28,500 Total Buildable SF
- R6B, C2-4 Zoning
- Subway Access at Property
EXECUTIVE SUMMARY
TerraCRG has been retained exclusively to market 320 Smith Street, a rare Carroll Gardens mixed-use property with exceptional development potential and unmatched location appeal.
The property spans an entire 200-foot stretch of Smith Street from Union Street to President Street, offering unparalleled visibility along one of Brooklyn’s most sought-after retail corridors. Currently improved by a two-story building with ground-floor retail and five residential units above, the property totals approximately 16,091 existing square feet featuring outdoor space for existing residential units and a loading dock for the retail.
The site is zoned R6B, C2-4, allowing for up to 28,500 buildable square feet as-of-right, or up to 34,200 buildable square feet utilizing the Inclusionary Housing Program (UAP), presenting an attractive opportunity for redevelopment or value-add repositioning.
This offering represents a unique opportunity to acquire a prominent property in the heart of one of New York City’s most desirable neighborhoods, with the flexibility to capitalize on existing income, pursue redevelopment, or execute a long-term hold strategy in a location that will continue to appreciate.
The property spans an entire 200-foot stretch of Smith Street from Union Street to President Street, offering unparalleled visibility along one of Brooklyn’s most sought-after retail corridors. Currently improved by a two-story building with ground-floor retail and five residential units above, the property totals approximately 16,091 existing square feet featuring outdoor space for existing residential units and a loading dock for the retail.
The site is zoned R6B, C2-4, allowing for up to 28,500 buildable square feet as-of-right, or up to 34,200 buildable square feet utilizing the Inclusionary Housing Program (UAP), presenting an attractive opportunity for redevelopment or value-add repositioning.
This offering represents a unique opportunity to acquire a prominent property in the heart of one of New York City’s most desirable neighborhoods, with the flexibility to capitalize on existing income, pursue redevelopment, or execute a long-term hold strategy in a location that will continue to appreciate.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,574 SF
Building Class
B
Year Built
2001
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.33 AC
Zoning
R6B, C2-4 - Medium density residential district
Frontage
200’ on Smith St
AMENITIES
- Bus Line
- Commuter Rail
- Corner Lot
- Metro/Subway
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00435-1101 | Improvements Assessment | $1,944,000 |
| Land Assessment | $186,543 | Total Assessment | $2,130,543 |
PROPERTY TAXES
Parcel Number
00435-1101
Land Assessment
$186,543
Improvements Assessment
$1,944,000
Total Assessment
$2,130,543
CONTACTS
-
Daniel Marks -
Daniel Lebor -
Michael Kelleher -
Thomas Horrigan -
TerraCRG Brooklyn Commercial Real Estate
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Corner Mixed-Use Development Opportunity | 291 President St
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