429-431 Columbia St

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 collect rental income from the rest
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-users
Well-Located:
- Positioned along Columbia Street in the Columbia Waterfront District
- Steps from Carroll Gardens, Cobble Hill, and Brooklyn Heights
- Immediate access to dining, retail, and green space along Smith Street, Court Street, and Brooklyn Bridge Park
- Surrounded by affluent residential neighborhoods and strong local retail
Transportation Accessibility: Access to the F and G subway lines connecting to Downtown Brooklyn, Williamsburg, Long Island City, and Manhattan Proximity to NYC Ferry routes and major arterial roadways

Navigation Menu