718-489-8333
291 President St, Brooklyn, NY for Sale
Storefront Retail/Residential - FOR SALE
1/4
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291 President St
Brooklyn, NY 11231
Carroll Gardens


HIGHLIGHTS

  • Rare Carroll Gardens Mixed-Use Re-Development Opportunity
  • 28,500 Total Buildable SF
  • 200 ft of Frontage on Smith Street
  • R6B, C2-4 Zoning
  • Park Front Directly Across from Carroll Park
  • Subway Access at Property

OVERVIEW

TerraCRG has been retained exclusively to market 320 Smith Street, a rare Carroll Gardens mixed-use property with exceptional development potential and unmatched location appeal. The property spans an entire 200-foot stretch of Smith Street from Union Street to President Street, offering unparalleled visibility along one of Brooklyn’s most sought-after retail corridors. Currently improved by a two-story building with ground-floor retail and five residential units above, the property totals approximately 16,091 existing square feet featuring outdoor space for existing residential units and a loading dock for the retail. The site is zoned R6B, C2-4, allowing for up to 28,500 buildable square feet as-of-right, or up to 34,200 buildable square feet utilizing the Inclusionary Housing Program (UAP), presenting an attractive opportunity for redevelopment or value-add repositioning. This offering represents a unique opportunity to acquire a prominent property in the heart of one of New York City’s most desirable neighborhoods, with the flexibility to capitalize on existing income, pursue redevelopment, or execute a long-term hold strategy in a location that will continue to appreciate.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corner Mixed-Use Development Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,250 SF

ZONING

R6B, C2-4

APN/PARCEL ID

00435-1101

ASK ABOUT THIS PROPERTY

Daniel MarksTerraCRG Brooklyn Commercial Real EstateMore Info
718-489-8333

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Daniel MarksTerraCRG Brooklyn Commercial Real EstateMore Info
718-489-8333

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