A fully renovated mixed-use building at 274 Court Street, located between Kane and DeGraw in Brooklyn’s Carroll Gardens neighborhood, was sold in an all cash transaction valued at $1,600,000.
The three-story building is approximately 2,667 square feet and sits on a 16.67’ x 112.5’ lot. There is a store on the ground floor and two apartments above. The property is in the landmarked district of Carroll Gardens and benefits from the healthy retail market along Court Street. There are also significant air rights available. The sale price equates to approximately $600 per square foot.
“This landmarked gem on Court Street is an integral part of what makes Carroll Gardens such a special and intimate neighborhood,” said Massey Knakal Senior Vice President of Sales Ken Freeman who exclusively handled this transaction. “The owner obtained a 15% premium over similar recent sales along Court Street,” added Freeman.
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Neighborhoods: Carroll Gardens