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486-488 Court St 4,875 SF 100% Leased Retail Building Brooklyn, NY 11231 $5,745,000 ($1,178.46/SF) 5.22% Cap Rate
Investment Highlights
- Stable in-place income.
- 10-20% NOI increase without significant repositioning.
- Prime location.
Executive Summary
*Full setup available upon request.*
A well-positioned mixed-use asset located on one of the most established commercial corridors in Brooklyn, 486 Court Street combines stable income with long-term upside. The property benefits from a diversified residential and retail tenant mix, prime Court Street location, and protected Tax Class 2B, creating an investment profile centered on durable cash flow, neighborhood appeal, and appreciation.
Current rents provide reliable income and can move closer to market levels upon vacancy, creating a measured value-add opportunity without significant repositioning. With limited capital required to increase NOI, the property offers immediate yield and embedded upside—an increasingly rare combination in prime Brownstone Brooklyn.
All sizes and measurements are approximate. Some images may have been digitally enhanced or virtually staged for illustrative purposes. Actual property features, finishes, and conditions may differ.
All showings by private appointment.
A well-positioned mixed-use asset located on one of the most established commercial corridors in Brooklyn, 486 Court Street combines stable income with long-term upside. The property benefits from a diversified residential and retail tenant mix, prime Court Street location, and protected Tax Class 2B, creating an investment profile centered on durable cash flow, neighborhood appeal, and appreciation.
Current rents provide reliable income and can move closer to market levels upon vacancy, creating a measured value-add opportunity without significant repositioning. With limited capital required to increase NOI, the property offers immediate yield and embedded upside—an increasingly rare combination in prime Brownstone Brooklyn.
All sizes and measurements are approximate. Some images may have been digitally enhanced or virtually staged for illustrative purposes. Actual property features, finishes, and conditions may differ.
All showings by private appointment.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,875 SF
Building Class
C
Year Built
1900
Price
$5,745,000
Price Per SF
$1,178.46
Cap Rate
5.22%
NOI
$299,998
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
9’
Building FAR
2.80
Lot Size
0.04 AC
Zoning
R6 - R6 is a medium-density residential zoning district.
Frontage
57’ on Court St
Amenities
- Bus Line
- Metro/Subway
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00374-0034 | Total Assessment | $1,279,350 |
| Land Assessment | $9,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,270,350 | Tax Year | 2026 |
Property Taxes
Parcel Number
00374-0034
Land Assessment
$9,000
Improvements Assessment
$1,270,350
Total Assessment
$1,279,350
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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