718-395-1877
209 Smith St, Brooklyn, NY for Sale
Apartments CONDO - FOR SALE
1/3
null | 6.3% Cap Rate

209 Smith St
Brooklyn, NY 11201
Carroll Gardens


OVERVIEW

TerraCRG has been retained to exclusively represent ownership in the sale of 209 Smith Street, a commercial condo located on the bustling Smith St retail corridor in the Brooklyn neighborhood of Cobble Hill. The retail condo has been occupied since 2019 by My Gym, a children’s fitness and development center with over 600 locations in more than 30 countries.   My Gym Cobble Hill offers a variety of activities/teaching such as independent gymnastics, dance and sports skills as well as the promotion of a healthy lifestyle for children aged 6 weeks to 10 years. Cobble Hill’s strong sense of community and high concentration of young families make it a perfect fit for My Gym, which also specializes in private events.   At the suggested pricing guidance, the roughly 4,233 SF retail condo is being offered at a ~6.3% cap rate and ~$685/SF. 209 Smith is ideally located two blocks from the F & G trains at Bergen St, a few blocks from Carroll Park and in very close proximity to some of the best restaurants and cafes that Brooklyn has to offer.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

6.3%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smith Street Corner Commercial Condo

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

5,600 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,008 SF

ZONING

R6B, C2-4

APN/PARCEL ID

00403-1107,00403-7504

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 Policy.