Back in 2008, 384 Court Street, the building which houses Casa Rosa, one of Carroll Gardens' old-time Italian restaurant, was on the market for $3,300,000. The realtor at the time was Massey Knakal. Obviously, the building did not sell at that price since it was put back up for sale in May 2011 for $2,998,000 dollars. In July, the price was further adjusted to $2,948,000.
This lovely 4 story, semi-detached corner property is a mixed use property in the Carroll Gardens neighborhood of Brooklyn. The building consists of six (6) 1 bedroom/1 bath units plus one store and is fully occupied. The upside is the units are currently under-rented and can be converted to FMV (fair market value) income. Current rent roll is $168,900, expenses $46,000 approx. The building is directly across from Carroll Park and 2 blocks from historic district. Near restaurants, shops and cafes.Do you think it will sell at that price?
Talking about Casa Rosa, has anyone gone there since they renovated? Any good?
1 comment:
Does anyone realize that for the apartments to go F.M.V. that theold tenats would either be tossed out or would be forced to pay 5 times their current average rent?
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