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JLL has been retained on an exclusive basis to arrange the ground lease of 433 Sackett St (the “Property”), in Carroll Gardens, Brooklyn. The 21,108 gross square foot, 4-story residential building conversion opportunity sits in one of Brooklyn’s most sought-after residential neighborhoods, offering excellent neighborhood amenities and easy access to the rest of Brooklyn and Manhattan.
With a mix of original details, high ceilings, potential amenity space, and a beautiful brick façade, this ideal rental conversion can create a unique residential product to attract a superior tenant pool and high rents.
The Property is located less than a block from the new Gowanus redevelopment (approved in November 2021) which has the surrounding area poised for growth with increased residential density, investments in open space and infrastructure, and expanded commercial and community facility space.
The Property is in close proximity to former warehouses, factories and garages converted to neighborhood institutions such as Insa, Monte's, Whole Foods and multiple breweries helping to increase demand for housing in the neighborhood.
The ground lease opportunity is conveniently located at the center of the vibrant BoCoCa community at the nexus of Boerum Hill, Cobble Hill & Carroll Gardens with a variety of premier retailers, restaurants and leisure activities. The Property is three blocks from the F and G trains and is near multiple Citi bike stations allowing for an easy trip to Manhattan and the rest of Brooklyn.