718-395-1877
193 Sackett St, Brooklyn, NY for Sale
Apartments - FOR SALE
1/4
null | 6.5% Cap Rate

193 Sackett St
Brooklyn, NY 11231
Carroll Gardens


HIGHLIGHTS

  • Tax Class Protected
  • 6.5% Cap Rate
  • 5 Free-Market Residential Units + 1 ground-floor retail space
  • 2 Blocks from P.S. 29
  • Top public elementary school
  • Proximity to Strong Retail Corridor and just 3 blocks from Court Street

OVERVIEW

TerraCRG is pleased to exclusively represent ownership in the sale of 193 Sackett Street, a four-story, mixed-use building located in the heart of Carroll Gardens, Brooklyn.   The property consists of five free-market residential units and one ground-floor retail space occupied by a coffee shop. The asset generates approximately $247,000 in net operating income and is being offered for sale at a price reflecting a capitalization rate of 6.5%.   Located in one of Brooklyn's most established and desirable neighborhoods, the property is just two blocks from P.S. 29, one of the area's most sought-after public elementary schools, known for its strong academic performance. The property is also just three blocks from the Court Street retail corridor and benefits from immediate access to the restaurants, cafés, boutiques, and neighborhood amenities along both Court Street and Smith Street.   193 Sackett Street presents investors with the opportunity to acquire a mixed-use asset with stable in-place cash flow, free-market units, and potential upside through repositioning units in one of Brooklyn’s premier neighborhoods.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

6

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.5% Cap Free-Market Mixed-Use Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,008 SF

ZONING

R6B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Remi NorrisTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

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Remi NorrisTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.