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216 Smith Street, Brooklyn, NY 11201

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For Sale

$3,300,000

3,300 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $1,000.00
    Price per square foot

Explore this Property

I am proud to present a remarkable mixed-use property in the highly sought-after Cobble Hill area, one of Brooklyn's most desirable neighborhoods! This special property features two spacious 2-3 bedroom apartments above a retail store. Ground Floor Commercial Space: Currently occupied by the popular Italian restaurant, Verde, which offers approximately 1,350 square feet of prime commercial space. The lease for the restaurant has ended, but the tenant is eager to stay and sign a new lease at around $11,000 per month. Alternatively, the space can be delivered vacant, providing a fantastic opportunity for a new venture. Whether you envision a trendy café, boutique shop, or modern office, this space is full of potential in a highly coveted location. Additionally, there s a basement available for extra storage. Upper Floors Living: Each of the two apartments is generously sized, with 2-3 bedrooms, a bathroom, a large living room, and a well-equipped kitchen. Both apartments are currently vacant, with the potential to lease for approximately $5,000 per month each, offering an exciting opportunity for rental income. Investment Potential: The building is equipped with three electric meters and three gas meters, ideal for accommodating multiple tenants and businesses. The property measures 20 x 55 feet on a lot of 20 x 80 feet, with an annual property tax of $11,091. Whether you're an entrepreneur looking for a prime commercial space or an investor aiming to capitalize on Cobble Hill's thriving market, this property offers unparalleled potential. With the option for vacant delivery and attractive leasing opportunities, it promises both immediate returns and long-term growth potential. Seize the opportunity to invest in one of Brooklyn's most vibrant areas! Call today!!!
MLS# 485284

Courtesy Of Womcore LLC dba Remax Edge

(718) 612-3088

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood
  • Heating System
    Radiator, Steam
  • Lot Size
    0.04 Acres

Map and Directions

Directions to 216 Smith Street, Brooklyn, NY 11201

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CENTURY 21 Homefront

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Copyright © 2024 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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