162-164 Court Street, Brooklyn, NY
August 17, 2018
Selling two prime Mixed-Use Buildings in Cobble Hill and swapping into NNN Retail Properties 162–164 Court Street lies in the heart of Cobble Hill, Brooklyn. The buildings consist of 3 residential and 4 commercial units with significantly below market rents and long leases. The buildings total 9,000 Square Feet and have been well maintained over the years. The owners had viewed these buildings as retirement income. However, as they progressed into retirement, they considered the significant benefits of exchanging into an investment offering reduced management intensity and increased yield.