240-242 Court St
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240-242 Court St
12 Unit Apartment Building $6,000,000 ($500,000/Unit) 4.86% Cap Rate Brooklyn, NY 11201
Executive Summary
Investment Property Realty Group (IPRG) is pleased to present an exclusive opportunity to acquire 240 Court Street, a prime mixed-use asset located between Kane Street and Baltic Street in the heart of Cobble Hill, Brooklyn.
This trophy property features 12 residential units and 2 retail storefronts, boasting 42 feet of frontage along one of Court Street’s most sought-after stretches. Meticulously maintained by the same family for generations, the building reflects pride of ownership and has a notably low violation count.
Built to 42 ft x 68 ft dimensions and sitting on a 42 ft x 80 ft lot, the property offers approximately 11,808 square feet of total space. Its strategic location near major retail corridors and excellent access to public transportation — including the F, G, A, C, 2, and 3 subway lines — enhances its appeal as a cash-flowing investment with significant upside potential in one of Brooklyn’s most dynamic and desirable neighborhoods.
This is an exceptional opportunity for investors seeking long-term value in a well-established market.
This trophy property features 12 residential units and 2 retail storefronts, boasting 42 feet of frontage along one of Court Street’s most sought-after stretches. Meticulously maintained by the same family for generations, the building reflects pride of ownership and has a notably low violation count.
Built to 42 ft x 68 ft dimensions and sitting on a 42 ft x 80 ft lot, the property offers approximately 11,808 square feet of total space. Its strategic location near major retail corridors and excellent access to public transportation — including the F, G, A, C, 2, and 3 subway lines — enhances its appeal as a cash-flowing investment with significant upside potential in one of Brooklyn’s most dynamic and desirable neighborhoods.
This is an exceptional opportunity for investors seeking long-term value in a well-established market.
Property Facts
Unit Amenities
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 00312-0032 | Improvements Assessment | $1,005,750 |
| Land Assessment | $54,000 | Total Assessment | $1,059,750 |
PROPERTY TAXES
Parcel Number
00312-0032
Land Assessment
$54,000
Improvements Assessment
$1,005,750
Total Assessment
$1,059,750
zoning
| Zoning Code | R6, C1-3, LH-1 |
| R6, C1-3, LH-1 |
Contacts
-
Derek Bestreich -
Luke Sproviero -
Adam Lobel -
Toby Waring -
Samantha Katz -
Alon Kahan -
Investment Property Realty Group
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240-242 Court St
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