216 Smith Street

Cobble Hill

$3,300,000
Price
6
Beds
2
Baths
3,300 Sq. Ft.
$1,000 / Sq. Ft.
3,300
Sq. Ft.
$1,000
per Sq. Ft.

Description

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...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!

Amenities

  • Ground Floor
  • City Views
  • Hardwood Floors
  • Basement
  • Parking Included
  • Pet Friendly
  • Lowrise
  • Common Courtyard
LISTING UPDATED: 10/23/2024 01:05 PM

Property Details for 216 Smith Street

StatusActive
MLS ID485284
Days on Market124
Taxes$11,091 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeTownhouse
MLS TypeMixed Use
Year Built1931
Lot Size1,600 SF / 20' x 80'
CountyKings County

Building

216 Smith St

2 Units3 StoriesBuilt in 1931

Building Information for 216 Smith Street

Stories3Residences2Year Built1931Building Size20' x 55'Building Sq. Ft3,300 SFLot Size1,600 SF / 20' x 80'Building Age-Building Type-

Property Information for 216 Smith Street

Summary
Location and General Information
  • Number Of Stories: 1
  • Cross Street Name: Butler St
  • Cross Street Name: Baltic St
  • Roof: Other
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 11091.0
  • Gross Expense: 21291.0
  • Gross Income: $188,000.00
Property
Lot Information
  • Sq Ft Total: 3300
  • Yard: Other
  • Lot Size Irregular YN: No
  • Lot Size Length: 80
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Fuel Expense: 2500.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Partial
  • Commercial Features Interior: Other
  • Foundation Details: Block
  • Flooring: Hardwood
  • Lavatories: Other
  • Construction Materials: Brick
  • Electric: 110 V, 200 Amp
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Type: Attached
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 5300.0
  • Owner Occupied: No

Property History for 216 Smith Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 216 Smith Street

Taxable ValueLand$21,180Additions$202,620Total$223,800
Home Facts
Total Finished SqFt3,300 SqFtLot Size1,600 SqFtYear Built1931ZoningR6BAPN3004020045

Schools near 216 Smith Street

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 29 John M Harrigan
PublicPK to 5

School For International Studies
Public6 to 12

Cobble Hill School of American Studies
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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216 Smith Street is a townhouse for sale in Cobble Hill. This property was listed for sale on August 20, 2024 by RE/MAX Edge, it's currently listed at $3,300,000. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S. 29 John M Harrigan, School For International Studies and Cobble Hill School of American Studies. 216 Smith Street is a 6-bed, 2-bath, 3,300 sqft townhouse built in 1931.

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Listing Courtesy of RE/MAX Edge

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