512 Court Street, Brooklyn, New York 11231

$2,900,000
3,000
SqFt

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List Price
$2,900,000
Status
ACTIVE
Days on Market
61
Price Change
▼ $100,000 1783714540
MLS#
501798
Year Built
1931
Living Area
3,000
Lot Size
1,600
MLS Area Major
Carroll Gardens

Property Description

Welcome to 512 Court Street, a rare mixed-use opportunity in the heart of Carroll Gardens, Brooklyn. This 3-story brick building features a ground-floor commercial space plus two spacious 3-bedroom residential apartments above, offering excellent income potential for investors or end-users alike. Each unit has separate utilities, and the commercial tenant currently pays approximately half of the annual real estate taxes, as well as half of the water and sewer expenses. Built in 1931, the property measures approximately 20 ft x 50 ft and offers around 3,000 sq ft of interior space, plus an unfinished basement. Situated on a 20 x 80 lot with R6A zoning, this property offers tremendous long-term upside in one of Brooklyn’s most desirable neighborhoods. The commercial space benefits from strong visibility and foot traffic along vibrant Court Street, surrounded by popular restaurants, cafés, boutiques, shopping, and neighborhood amenities. Conveniently located near transportation, dining, and everyday conveniences, 512 Court Street is a turnkey mixed-use asset with endless potential. All interested purchasers are encouraged to conduct their own due diligence regarding building measurements, zoning, and property information. A phenomenal investment opportunity in prime Carroll Gardens — this is a must-see property that will not last!

Additional Information

Taxes
$6,727
Financing
1031 Exchange, Bank Mortgage, Cash
Zoning
R6A
Flooring
Hardwood
Heating
Gas
Exterior Features
Brick
Stories
3
Roof
Flat
Foundation
Block

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Calculator source: Real Geeks

Courtesy Of Ben Bay Realty Co