155 Smith St Brooklyn, NY 11201-6337

Property Details for 155 Smith St

Year built

1931

Lot size

0.06 lot acres

Property size

9,200 SF

Zone code

R6A

Property type

Apartment buildings

APN

00385-0006

APU

3850006

Description

This exceptional 10-unit apartment building at 155 Smith Street in Brooklyn, NY 11201, presents a rare opportunity to acquire a brand-new construction, free-market building in a highly desirable location. The 7,500 square foot building, situated on a 2,500 square foot lot, is a four-story Class B property with a protected Tax Class 2B designation, limiting annual property tax increases. The building comprises four one-bedroom/two-bathroom units and six two-bedroom/two-bathroom units, many featuring in-unit washer/dryers. Below-grade cellar space with high ceilings offers potential for additional rental income as office or storage space. Boasting a prime location on one of Boerum Hill's best blocks, this property benefits from high residential rents, exceeding $85 per square foot in new construction buildings, with two-bedroom units commanding rents over $6,000 per month in this area. The building is situated in a bustling corridor with over 10,000 daily pedestrians, within two blocks of the Bergen Street F & G subway station and Boerum Park, and close to top-rated public and private schools. The asking price is $11,500,000, translating to $1,533.33 per square foot. The property is zoned R6A/C2-4.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9904

Latitude

40.6864

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments