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- LoopNet Team
374-376 Court St
Brooklyn, NY 11231
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Income Profile: 100% occupied with an average residential monthly rent of roughly $2,700 and average commercial rent of approximately $80 per SF
- Protected Tax Class: Located in tax class 2B, investors will enjoy lower operating expenses with increases capped at 8% annually or 30% over five year
- Prime Location: Directly across the street from Carroll Park and just steps from the Carroll Street subway station.
- Family Friendly Neighborhood: Excellent schools, parks, and shopping in the surrounding Carroll Gardens area.
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 7,400 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1910 |
| Building Class | C | ||
| Zoning | R6A - a medium-density residential zoning district in New York City that requires the use of Quality Housing Program (QHP) regulations | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,400 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R6A - a medium-density residential zoning district in New York City that requires the use of Quality Housing Program (QHP) regulations |
AMENITIES
UNIT AMENITIES
- Tub/Shower
ABOUT 374-376 COURT ST , BROOKLYN, NY 11231
Meridian Investment Sales is pleased to offer for sale 374 & 376 Court Street, two four-story contiguous, mixed-use buildings in the burgeoning neighborhood of Carroll Gardens. 100% occupied with two ground floor retail tenants, five free market tenants, and one rent-controlled tenant, these well maintained walk-ups are a unique opportunity to acquire two iconic buildings directly across the street from Carroll Park and just minutes from the Carroll Street subway station. Court Street is the main retail corridor for the area and benefits from its proximity to the subway, which has roughly 3,500,000 annual riders. This tree-lined, serene neighborhood continues to attract young families and professionals who enjoy the local shops on Court and Smith Streets and some of the outstanding eateries such as Lucali, Ugly Baby, and Court Street Grocers. One of Brooklyn’s wealthiest neighborhoods, Carroll Gardens elegantly combines its rich history and iconic tree-lined streets with some of the trendiest local shops and cafes.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 1,230 |
PROPERTY TAXES
| Parcel Number | 00351-0029 | Improvements Assessment | $1,120,500 |
| Land Assessment | $187,200 | Total Assessment | $1,307,700 |
PROPERTY TAXES
