384 Court Street

Carroll Gardens, Brooklyn, NY Mixed-Use Building for Sale

Property Information
Location: Block & Lot: Lot Size: Stories: Building S.F.: Building Size: Located on the northwest corner of Court and Carroll Streets. 351/34 29.5 x 99, 2,941 s.f. (Approx.) 4 6,700 s.f. 29.5 x 99 Ground Floor and finished basement 29.5 x 69 Second Floor 29.5 x 59 3rd & 4th Floors Zoning: FAR: Air Rights: R.E. Taxes (11/12): R6A/C2-4 3.00 2,063 s.f. $21,075
Unit Tenant Status Expires March 2015 $ Monthy Rent 8,000 $ Annual Rent 96,000 Retail

Assessment (11/12): $159172

Property Description
Corner mixed-use building located on prime Court Street across from Carroll Gardens Park. 2,063 s.f. of air rights. Significant upside in rents. Located one block from the Carroll Street stop on the F, G lines.

Annual Increases of $500/mo Apt. 1 Apt. 2 Apt. 3 Apt. 4 Free Market Free Market Rent Stabilized Rent Stabilized Rent Stabilized Rent Stabilized $ $ $ $ $ $ $ 912 $ 1,725 $ 676 $ 1,226 $ 875 $ 1,038 $ 14,452 $ 10,944 20,700 8,112 14,712 10,500 12,456 173,424

ASKING PRICE: $2,895,000

For additional pictures, floorplans & information please visit www.masseyknakal.com, listing I.D. #: 20835

Apt. 5 Apt. 6 Total:

Expenses: (actual) Real Estate Taxes (11/12) Insurance

$ $

21,075 4,800

For Montague Street, inspection, 205 further information or 3rd Floor please contact Exclusive Agents: Avenue, 3rd Floor 275 Madison 118-35 Queens Boulevard, 14th Floor Water/Sewer Brooklyn, NY 11201 New York, NY 10016 Forest Hills,$NY 11375 2,800 Ken Freeman Megan Flanagan T: 718-238-8999 / F: 718-238-6091 T: 212-696-2500 / F: 212-696-0333 T: 718-275-3400 / $ 718-275-5478 F: Oil & Electric 5,600 Senior Vice President of Sales Senior Associate Total: $ 34,275 kfreeman@masseyknakal.com mflanagan@masseyknakal.com 718.307.6530 718.307.6530 Net Operating Income: $ 139,149

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

205 Montague Street Third Floor Brooklyn, NY 11201 718.238.8999 Fax 718.238.6091 www.masseyknakal.com
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