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429 Columbia St
Brooklyn, NY 11231 Red Hook

$5,400,000 USD

Storefront Retail Residential For Sale  •  5,010 SF

Property Details

• Property Type Storefront Retail Residential
• Total Building Size 5,160 SF
• Lot Size 0.04 AC
• Building Class C
• Year Built 1921
• Tenancy Multiple
• Zoning R5

79 Transit Score

86 Walk Score

Highlights

Fully Free Market: The properties are fully free market, with no history of rent regulation

Owner User Potential: Retail spaces will be delivered vacant, presenting the opportunity for a retail operator to occupy one or more of the units and

Strong Pro-Forma NOI: Conservative proforma analysis suggests an NOI of approximately $306,000 ($158,000 per building) , upon full lease-up

Mixed-Use Asset Profile: Residential units above commercial space provide diversified income streams and long-term demand from both tenants and owner-

Positioned along Columbia Street in the Columbia Waterfront District

Steps from Carroll Gardens, Cobble Hill, and Brooklyn Heights

Public Transportation

Commuter Rail	Drive	Walk	Distance
	9 min	-	2.6 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	13 min	-	4.1 mi
Transit/Subway	Drive	Walk	Distance
Smith-9 Streets (F - New York MTA Subway (The Subway), G - New York MTA Subway (The Subway))	3 min	11 min	0.6 mi
Carroll Street (F - New York MTA Subway (The Subway), G - New York MTA Subway (The Subway))	3 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
LaGuardia	23 min	-	12.2 mi
Newark Liberty International	27 min	-	15.8 mi
John F Kennedy International	31 min	-	15.8 mi