216 Smith Street

Cobble Hill

$3,398,000
Price
4
Beds
3
Baths
3,300 Sq. Ft.
$1,030 / Sq. Ft.
3,300
Sq. Ft.
$1,030
per Sq. Ft.

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...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. Contact me now to schedule your private viewing and embark on a journey of endless possibilities of urban living in the most desirable area of Cobble Hill!
  1. Listed by Anzhela (Angela) Staraya • RE/MAX Edge

Amenities

  • Ground Floor
  • Walk Up
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise

Location

Listing Courtesy of RE/MAX Edge
Add your commute
LISTING UPDATED: 04/25/2024 02:17 PM

Property Details for 216 Smith Street

StatusActive
MLS ID480611
Days on Market44
Taxes$11,091 / year
Maintenance-
Min. Down Pymt-
Total Rooms10.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1931
Lot Size1,600 SF / 20' x 80'
CountyKings County

Building

216 Smith St

2 Units3 StoriesBuilt in 1931

Location

Listing Courtesy of RE/MAX Edge
Add your commute

Building Information for 216 Smith Street

Stories3Residences2Year Built1931Lot Size1,600 SF / 20' x 80'Building Age-Building Type-

Payment Calculator

$19,469 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,544

Property Taxes

$924

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 216 Smith Street

Summary
Location and General Information
  • Block: 402
  • Number Of Stories: 1
  • Cross Street Name: Butler St
  • Cross Street Name: Baltic St
  • Roof: Flat
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 11091.0
  • Gross Expense: 21291.0
  • Gross Income: $158,100.00
Property
Lot Information
  • Sq Ft Total: 3300
  • Yard: Back
  • Lot Number: 45
  • 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: Fire - Smoke Alarm
  • Foundation Details: Block
  • Flooring: Hardwood
  • Unit Count: 3
  • Lavatories: 3
  • Construction Materials: Brick
  • Electric: 110 V, 200 Amp
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Sign - Building
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 181500.0
  • Building Length: 3300.0
  • Building Type: Attached
  • Building Width: 55.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 8750.0
  • Unit Date Available: 08-01-2024
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Restaurant
Unit 2
  • Unit Baths Full: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 2200.0
  • Unit Floor: 3
  • Unit Number Of Units: 1
  • Unit Projected Rent: 3500.0
  • Unit Rooms Total: 3
  • Unit Status: Month-to-Month
  • Unit Unit Type: 3 Bedrooms
Unit 3
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 2225.0
  • Unit Floor: 2
  • Unit Number Of Units: 1
  • Unit Projected Rent: 3500.00
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 3 Bedrooms
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$176,640Total$197,820
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

216 Smith Street is a mixed use property for sale in Cobble Hill. This property was listed for sale on March 16, 2024 by RE/MAX Edge, it's currently listed at $3,398,000. 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 4-bed, 3-bath, 3,300 sqft mixed use property built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Edge

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.