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507 Court St
Brooklyn, NY 11231
Retail Property For Sale
Executive Summary
507 Court Street is a mixed-use building located in the desirable Carroll Gardens neighborhood of Brooklyn, NY. The property consists of one retail space and two residential units, with a total of 2,949 square feet. The building offers strong investment potential, featuring significant upside on both the commercial and residential units. The property is offered at $2,950,000.
-Significant upside potential
-Prime Carroll Gardens location
-Mixed-use property with retail and residential income
-Significant upside potential
-Prime Carroll Gardens location
-Mixed-use property with retail and residential income
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,949 SF
Building Class
C
Year Built
1901
Price
$2,950,000
Price Per SF
$1,000.34
Cap Rate
3.22%
NOI
$94,990
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
2.26
Lot Size
0.03 AC
Zoning
R6
Frontage
19’ on Court St
Amenities
- Bus Line
- Metro/Subway
Property Taxes
| Parcel Number | 00476-0005 | Improvements Assessment | $203,640 |
| Land Assessment | $11,940 | Total Assessment | $215,580 |
Property Taxes
Parcel Number
00476-0005
Land Assessment
$11,940
Improvements Assessment
$203,640
Total Assessment
$215,580
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