Investment Overview

Marcus & Millichap has been exclusively engaged to represent ownership in the sale of 300 Court Street, a three-story brick mixed-use building comprised of two (2) apartments and one (1) retail unit. The property is located on Court Street between Douglass Street & Degraw Street in the Cobble Hill neighborhood of Brooklyn, New York. The subject property was built in 1931 and measures approximately 21 feet wide by 52.5 feet deep on the first floor, and approximately 21 feet wide by 40 feet on the second and third floors. Its current total square footage is approximately 2,782.5 not including a fully built basement, which is being used by the commercial space and offers future leasable value. The building sits on a lot that measures about 21 feet wide by 83 feet deep, and is zoned R6, C1-3, LH-1.All interested purchasers are encouraged to conduct their own due diligence on building measurement representations. 300 Court Street is a phenomenal opportunity to purchase a turnkey mixed-use building located within what is widely considered one of the best stretches of Court Street in Cobble Hill. The retail space was recently leased to 16 Handles, a rapidly expanding self-serve frozen yogurt company that was founded in 2008 and has locations in six states. The tenant’s current lease commenced in July of 2025 and runs through July 2035 with three percent annual increases. 16 Handles is also obligated to reimburse 50 percent of the annual tax increase as well as a portion of the building’s water and common area electric usage. Each of the two apartments are renovated, offering one-bedroom and office layouts, which are separately metered for heat and hot water. The subject property is located four blocks from the Bergen Street [F,G] Train Station, and close to numerous well-known restaurants and family businesses such as Lucali, Sam’s, Awash, Mazzola Bakery, and is directly adjacent to Court Pastry Shop.