$2,900,000
SOLD MAY 14, 2025
-- Bed
-- Bath
3,300 Sq Ft
1,600 Sq Ft Lot

Recently Sold

$879 Per Sq Ft

15% Below List Price

Highlights

  • Wood Flooring
  • 3-minute walk to Bergen Street (F,G Line)
  • 2-minute walk to Boerum Playground
  • P.S. 29 John M. Harrigan Rated A
  • Heating System Uses Steam

About This Home

As of May 2025

I am proud to present a remarkable mixed-use property in the highly sought-after Cobble Hill area, one of Brooklyn's most desirable neighborhoods! This special property features two spacious 2-3 bedroom apartments above a retail store.
Ground Floor Commercial Space: Currently occupied by the popular Italian restaurant, Verde, which offers approximately 1,350 square feet of prime commercial space. The lease for the restaurant has ended, but the tenant is eager to stay and sign a new lease at around $11,000 per month. Alternatively, the space can be delivered vacant, providing a fantastic opportunity for a new venture. Whether you envision a trendy cafe, boutique shop, or modern office, this space is full of potential in a highly coveted location. Additionally, there’s a basement available for extra storage.
Upper Floors Living: Each of the two apartments is generously sized, with 2-3 bedrooms, a bathroom, a large living room, and a well-equipped kitchen. Both apartments are currently vacant, with the potential to lease for approximately $5,000 per month each, offering an exciting opportunity for rental income.
Investment Potential: The building is equipped with three electric meters and three gas meters, ideal for accommodating multiple tenants and businesses. The property measures 20 x 55 feet on a lot of 20 x 80 feet, with an annual property tax of $11,091.
Whether you're an entrepreneur looking for a prime commercial space or an investor aiming to capitalize on Cobble Hill's thriving market, this property offers unparalleled potential. With the option for vacant delivery and attractive leasing opportunities, it promises both immediate returns and long-term growth potential. Seize the opportunity to invest in one of Brooklyn's most vibrant areas!
Call today!!!

Last Agent to Sell the Property

Angela Staraya

RE/MAX Edge Listed on: 08/20/2024

RE/MAX Edge

Last Buyer's Agent

Angela Staraya

RE/MAX Edge Listed on: 08/20/2024

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,091

Lot Details

  • 1,600 Sq Ft Lot
  • Lot Dimensions are 80 x 20

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3,300 Sq Ft Home
  • Wood Flooring
  • Partial Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 200+ Amp Service
  • 110 Volts
  • Gas Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,500
  • Insurance Expense $5,300
  • Gross Income $188,000

Property Details

Property Type

Other

Est. Annual Taxes

$11,091

Lot Details

0

Listing Details

  • Basement Amenities: Partial
  • Borough: Brooklyn
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Butler St
  • Cross Street Name2: Baltic St
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3300
  • Street Name I D X: Smith
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 1600

Exterior Features

  • Yard: Other
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Roof: Other

Utilities

  • Electric: 110 V, 200 Amp
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2500.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 20

Multi Family

  • Annual Gross Expense: 21291.00
  • Annual Gross Income: 188000
  • Insurance Expense: 5300.00

Tax Info

  • Flip Tax Amount: 11091.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
May 14, 2025
Sold by
Bernstein Family Trust and Roza Shtelmakher As Trustee
Bought by
Pppw Holdings Llc
Seller's Agent
Angela Staraya
RE/MAX Edge
Buyer's Agent
Angela Staraya
RE/MAX Edge
List Price
$3,397,998
Sold Price
$2,900,000
Premium/Discount to List
-$497,998
-14.66%
Views
17
Current Estimated Value
$2,871,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,605
Avg. Annual Appreciation
-1.72%

Purchase Details

Closed on
Jun 26, 2006
Sold by
Bernshteyn David and Bernshteyn Fira
Bought by
Bernstein Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $2,750,000 --
Deed $2,750,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2025 05/14/25 Sold $2,900,000 -12.1% $879 / Sq Ft
10/23/2024 10/23/24 Price Changed $3,300,000 -2.9% $1,000 / Sq Ft
08/20/2024 08/20/24 For Sale $3,397,998 -- $1,030 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,638 $239,280 $21,180 $218,100
2024 $10,638 $223,800 $21,180 $202,620
2023 $10,432 $197,820 $21,180 $176,640
2022 $9,938 $155,280 $21,180 $134,100
2021 $10,356 $150,660 $21,180 $129,480
2020 $8,200 $124,080 $21,180 $102,900
2019 $7,699 $107,880 $21,180 $86,700
2018 $7,120 $38,162 $6,369 $31,793
2017 $6,789 $36,471 $6,525 $29,946
2016 $6,670 $36,471 $7,831 $28,640
2015 $4,150 $34,879 $7,985 $26,894
2014 $4,150 $33,296 $9,147 $24,149
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 485284

Brooklyn Board of REALTORS®

APN: 00402-0045