Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    157 Smith St Brooklyn, NY 11201

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,150,000

    Approved plans for a 5-story, 7-unit elevator building.

    Property size:
    11,162 SF
    Lot size:
    0.06 Acres

    Property Features for 157 Smith St

    General Information

    Size
    11,162 SF
    Lot size
    0.06 Acres

    Source: Ariel Property Advisors Agent Sean R. Kelly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Smith Street Development Opportunity

    Located on the east side of Smith Street between Bergen and Wyckoff Streets, this property features approved plans for a 5-story, 11,162 square foot, 7-unit elevator building. The building design includes one commercial space, four 1-bedroom/1-bath units, and two 2-bedroom/2-bath duplexes. The property benefits from a protected Tax Class 2B designation. The location is situated in Boerum Hill, a bustling corridor with a mix of local and national tenants and a high foot traffic of over 10,000 pedestrians daily. It is within a two-block radius of the Bergen Street F & G station and Boerum Park, and is located in a geography district with numerous top-rated public and private schools in NYC. Commercial rents in the area range from $125 to $200 per square foot, with condominium sellouts exceeding $1,600 per square foot and residential rents above $85 per square foot.
    Insight Report Location Intelligence

    Current Use by Public Records

    Brooklyn Air Conditioning ... Air Conditioning Contractor Tax Debt Relief ... Tax Preparation

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.990475
    Latitude
    40.686457

    Nearby Similar for Sale

    • $2,950,000
      12,000 SF

      Brooklyn Multifamily Portfolio: 16 Units

      Two contiguous buildings with 16 units in Columbia Waterfront District.
      96 Baltic St, Brooklyn, NY 11201
      View Details
    • $2,099,000
      Pending

      Victorian Home in Ditmas Park

      Charming Victorian home, legal 3-family, close to transportation and shopping.
      793 Westminster Rd, Brooklyn, NY 11230
      View Details
    • $4,999,000
      3,060 SF

      Renovated Brownstone in Park Slope

      Impeccably renovated three-family brownstone in prime Park Slope location.
      645 Carroll St, Brooklyn, NY 11215
      View Details
    • $7,250,000
      11,250 SF

      Renovated Commercial Building in Brooklyn

      Versatile commercial space in Bedford-Stuyvesant, ideal for owner-users.
      405 Gates Ave, Brooklyn, NY 11216
      View Details
    • $1,899,000
      2,032 SF

      Brooklyn Multi-Unit Home with Garages

      Large corner property with income potential in Bath Beach.
      8686 Bay 16Th St, Brooklyn, NY 11214
      View Details
    • New
      $1,650,000
      2,048 SF

      Renovated Two-Family Home, Brooklyn

      Newly renovated 2-family in Dyker Heights with rental potential.
      200 Bay 7Th St, Brooklyn, NY 11228
      View Details

    FAQs

    What type of property is this?
    Apartment building - Approved plans for a 5-story, 7-unit elevator building.
    Where is this apartment building located?
    The property is located at 157 Smith St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: - Approved plans for a **5-story, 11,162 SF 7-unit elevator building**.; - **Prime location on Smith Street in Boerum Hill** with high foot traffic.; - Strong income potential with attractive commercial and residential rents, and condominium sellout values.
    (212) 544-9500
    Request Owner's contact information
    157 Smith St Brooklyn, NY 11201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    157 Smith St
    Brooklyn, NY 11201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    157 Smith St Brooklyn, NY 11201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.