157 Smith St Brooklyn, NY
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Approved plans for a 5-story, 7-unit elevator building.
Type:LAND
Property size:
11,162 SFLot size:
0.06 AcresPrice / SF:
$371/SF- Added:
- Oct 14, 2025
- Days on Market:
- 195
- Last Refresh:
- Apr 5 at 10:37 pm
Property Features for 157 Smith St
General Information
- Standard status
- Active
- Size
- 11,162 SF
- Lot size
- 0.06 Acres
- Property subtype
- LAND
Listing agent Sean R. Kelly (212) 544-9500
Listing office Ariel Property Advisors (212) 544-9500
Listing date Oct 14, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Ariel Property Advisors
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Brooklyn Air Conditioning ...
Hardware & Home Improvement
Tax Debt Relief ...
Accounting Firm
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9905
- Latitude
- 40.6865
Nearby Similar for Sale
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.
