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507 Court St 2,949 SF 100% Leased Retail Building Brooklyn, NY 11231 $2,950,000 ($1,000.34/SF) 3.22% Cap Rate
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
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Awaye Realty Management
- Real Estate
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Awaye Realty Management | Real Estate | - | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00476-0005 | Total Assessment | $215,580 (2026) |
| Land Assessment | $11,940 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $203,640 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
00476-0005
Land Assessment
$11,940 (2026)
Improvements Assessment
$203,640 (2026)
Total Assessment
$215,580 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
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Map
Contact the Sale Advisor
507 Court St