257 Columbia St - Apartments FOR SALE


$2,600,000 USD
718-475-4373
257 Columbia St, Brooklyn, NY for Sale
$2,600,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate


HIGHLIGHTS

  • • Columbia Street Waterfront District Mixed-Use Asset with Strong Upside Potential
  • • Seller Financing Available
  • • Fully Free-Market Building
  • • Zoned R6A, C2-4, Allowing for Flexible Mixed-Use Development & Future Expansion
  • • Proximity to Retail, Dining & Entertainment
  • • Free-Market Apartments with Substantial Upside in a Market Achieving $70- $80/SF for Fully Renovated Apartments

OVERVIEW

Marcus & Millichap is proud to present 257 Columbia Street, a mixed-use building located in the Columbia Street Waterfront District of Brooklyn, New York. The property consists of (two) one and half-bedroom apartments and one retail unit, offering a versatile investment opportunity in a highly desirable neighborhood. Originally built in 1931, the building spans 20 feet wide by 75 feet deep on the ground floor, while the top two floors measure 20 feet wide by 40 feet deep. Zoned R6A, C2-4, the asset is well-positioned for both residential and commercial growth. The property is located just six blocks from Carroll Street [F, G] Train Station, which provides seamless access to Manhattan and greater Brooklyn. A fully free-market building with long-term family-ownership, 257 Columbia Street has strong investment potential in a neighborhood experiencing steady appreciation.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$839 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,568 SF

ZONING

R6A

APN/PARCEL ID

00348-0005

ASK ABOUT THIS PROPERTY

John BrennanMarcus & MillichapMore Info
718-475-4373

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John BrennanMarcus & MillichapMore Info
718-475-4373

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