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Listing Courtesy of Compass
$2,995,000
Est. payment /mo
4 Beds
3 Baths
2,740 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,740 sqft
Price per Sqft $1,093
Subdivision Boerum Hill
MLS Listing ID RLS20055827
Bedrooms 4
Full Baths 3
HOA Y/N Yes
Year Built 1931
Annual Tax Amount $6,432
Property Sub-Type Multi Family
Property Description
185 Smith Street is being offered for the first time in over half a century. The property is a three-story brick mixed-use building comprised of two (2) residential apartments above one (1) ground-floor retail unit. Ideally located on Smith Street between Warren and Wyckoff Streets, the building sits along one of the most vibrant retail and residential corridors in the Cobble Hill / Boerum Hill neighborhood of Brooklyn.
Constructed circa 1931, the building measures approximately 20 feet wide by 53 feet deep on both the ground-floor retail level and the second floor, with the second floor extending to a rear deck. The third floor measures approximately 20 feet by 44'6” deep. Ceiling heights are approximately 7.5 feet in the cellar, 9 feet on the street and second floors, and 8 feet 4 inches on the top floor. The property contains approximately 2,700 square feet above grade, not including the cellar, which is currently utilized by the commercial tenant. The building sits on a lot measuring approximately 20 feet by 60 feet and is zoned R6A, C2-4. All interested purchasers are encouraged to conduct their own due diligence regarding building measurements.
The ground-floor retail space is occupied by Soula Shoes, a beloved neighborhood shoe store that has operated in the location for over 20 years. The tenant's current lease runs through 2028 and they cover approximately 50% of the building's property taxes, providing stable long-term income.
Above the retail space are two residential apartments. The second floor is configured as a two-bedroom, one-bath apartment featuring a large rear deck, washer/dryer, and a chef's kitchen with upgraded appliances and cabinetry. The top floor is also configured as a two-bedroom, one-bath apartment with excellent natural light and similarly sized bedrooms, and consistently attracts strong rental demand. Each residential apartment is separately metered for gas and electric.
185 Smith Street is surrounded by some of the neighborhood's most established retailers, including Paisanos Butcher Shop, Starbucks, SEE Eyewear, Malin + Goetz, Aesop, and Warby Parker.
Constructed circa 1931, the building measures approximately 20 feet wide by 53 feet deep on both the ground-floor retail level and the second floor, with the second floor extending to a rear deck. The third floor measures approximately 20 feet by 44'6” deep. Ceiling heights are approximately 7.5 feet in the cellar, 9 feet on the street and second floors, and 8 feet 4 inches on the top floor. The property contains approximately 2,700 square feet above grade, not including the cellar, which is currently utilized by the commercial tenant. The building sits on a lot measuring approximately 20 feet by 60 feet and is zoned R6A, C2-4. All interested purchasers are encouraged to conduct their own due diligence regarding building measurements.
The ground-floor retail space is occupied by Soula Shoes, a beloved neighborhood shoe store that has operated in the location for over 20 years. The tenant's current lease runs through 2028 and they cover approximately 50% of the building's property taxes, providing stable long-term income.
Above the retail space are two residential apartments. The second floor is configured as a two-bedroom, one-bath apartment featuring a large rear deck, washer/dryer, and a chef's kitchen with upgraded appliances and cabinetry. The top floor is also configured as a two-bedroom, one-bath apartment with excellent natural light and similarly sized bedrooms, and consistently attracts strong rental demand. Each residential apartment is separately metered for gas and electric.
185 Smith Street is surrounded by some of the neighborhood's most established retailers, including Paisanos Butcher Shop, Starbucks, SEE Eyewear, Malin + Goetz, Aesop, and Warby Parker.
Location
State NY
County Kings
Interior
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
Private Pool No
Building
Dwelling Type Mixed Use
Story 3
New Construction No
Others
Tax ID 00391-0002
Ownership None
Monthly Total Fees $536
Pets Allowed Building No, No
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716