272 Smith St
Brooklyn, NY 11231
Carroll Gardens
HIGHLIGHTS
- This 100% free-market mixed use asset is positioned on one of the most desirable retail strips in all of Brooklyn
- Only two blocks from Carroll Park and in close proximity to multiple subway stops, 272 Smith Street is the definition of a prime location
- The property, spanning 5,360 square feet, offers 7 recently renovated free-market apartments all achieving top of market rents for the area
- The Cubana Cafe, a long-standing local favorite, provides income stability through a strong rent of $8,760 per month ($133 PSF)
- Offering stable in-place income and an attractive 6.7% cap rate in place, 272 Smith Street is positioned to deliver for any investor from day one
FOR SALE DETAILS
PRICE
$5,000,000 USD
PRICE/SF
$962 USD /SF
# OF UNITS
8
PRICE/UNIT
$625,000
CAP RATE
6.7%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1931
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.03 AC
LAND SF
1,307 SF
ZONING
R6B
APN/PARCEL ID
00421-0039
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718-475-4382
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718-475-4382
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