216 Smith Street
Townhouse located in Boerum Hill, between Baltic Street & Butler Street
$3,397,998
($1,030 per ft2)
| 5 beds, 2 baths | Approx. 3,300 ft2
31 days on Market
Townhouse Facts
-
Year Built: 1931Minimum Down: 20%Total Floors: 3Listed: Aug 20, 2024Days on Market: 31Building Type: TownhouseNeighborhood: Boerum Hill (Brooklyn)
Est. Monthly Mortgage:
$16,667
Mortgage calculator
Total Est. Monthly Carrying Cost:
$16,667
($5.05/ft2)
Note: the above is based on a down payment of 20% ($679,600),
which is the minimum amount permitted by the building.
Insider Highlights
- Prime Location: This mixed-use property is located in the vibrant and desirable Cobble Hill area, offering an excellent investment opportunity with immediate returns and long-term growth potential.
- Versatile Commercial Space: The ground floor currently houses a popular Italian restaurant, Verde, but the space is versatile and can be transformed into a trendy cafe, boutique shop, or modern office.
- Residential Units: The property includes two spacious apartments, each with two to three bedrooms, a bathroom, a large living room, and a well-equipped kitchen. The potential for vacant delivery allows for personalization of the spaces.
- Utility Setup: The building is equipped with three electric meters and three gas meters, perfect for accommodating multiple tenants and businesses.
- Property Details: The pre-war townhouse, built in 1931, measures 20 x 55 feet on a lot that’s 20 x 80 feet long. It has 3 floors, 2 apartments, and a basement available for extra storage needs.
- Financial Advantage: With a low annual property tax of $11,091, this property presents a cost-effective investment opportunity.
Description
Presenting this wonderful Mixed Use property located in the vibrant Cobble Hill area, one of the most desirable areas! This is truly special consisting of two apartments stacked above of a retail store. Ground Floor Commercial Space: Currently home to the beloved Italian restaurant Verde, which offers about 1350 square feet of space.
Additionally, there’s a basement available for extra storage needs. As the lease for Verde concludes in August, this prime commercial space eagerly anticipates its next chapter. Whether you envision a trendy cafe, boutique shop, or modern office, seize the chance to leave your mark in this coveted location.
Upper Floors Living: Each apartment is spacious, with two to three bedrooms, a bathroom, a large living room, and a well-equipped kitchen. With the potential for vacant delivery, you have the freedom to personalize these spaces to your heart’s desire. What’s more, this property is equipped with three electric meters and three gas meters, making it perfect for accommodating multiple tenants and businesses.
In terms of size, measuring 20 x 55 feet long on a lot that’s 20 x 80 feet long. The annual property tax for this gem is $11,091. Investment Opportunity: Whether you’re an entrepreneur seeking a prime commercial space or an investor looking to capitalize on Cobble Hill’s thriving real estate market, offers an unparalleled opportunity.
With a proven track record of success and the potential for vacant delivery, this property promises both immediate returns and long-term growth potential. Embark on a journey of endless possibilities of urban living in the most desirable area of Cobble Hill!
Additionally, there’s a basement available for extra storage needs. As the lease for Verde concludes in August, this prime commercial space eagerly anticipates its next chapter. Whether you envision a trendy cafe, boutique shop, or modern office, seize the chance to leave your mark in this coveted location.
Upper Floors Living: Each apartment is spacious, with two to three bedrooms, a bathroom, a large living room, and a well-equipped kitchen. With the potential for vacant delivery, you have the freedom to personalize these spaces to your heart’s desire. What’s more, this property is equipped with three electric meters and three gas meters, making it perfect for accommodating multiple tenants and businesses.
In terms of size, measuring 20 x 55 feet long on a lot that’s 20 x 80 feet long. The annual property tax for this gem is $11,091. Investment Opportunity: Whether you’re an entrepreneur seeking a prime commercial space or an investor looking to capitalize on Cobble Hill’s thriving real estate market, offers an unparalleled opportunity.
With a proven track record of success and the potential for vacant delivery, this property promises both immediate returns and long-term growth potential. Embark on a journey of endless possibilities of urban living in the most desirable area of Cobble Hill!
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Building Amenities
- Pre War
Listing courtesy of
RE Max Edge Group
Pricing History
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