FINDING VALUE OTHERS OVERLOOK

336 STATE STREET & 75-77 HOYT STREET

BROOKLYN, NY 11201

RESIDENTIAL/RETAIL PROPERTY

PURCHASED: 2014
PARTNERS: Private Investors
PROPERTY: 3 stories; 4 residential units, 3 retail units

Located in the upscale neighborhood of Boerum Hill, this mixed-use building consists of four free-market residential units and three ground-floor retail units. The residential spaces range from studio to two-bedroom and offer outdoor space. Retail tenants The Grand Army, Oaxaca Taqueria and Little Sweet Café. The building is currently 100 percent leased. 

Boerum Hill is a chic neighborhood that is known for its trendy boutiques, unique dining options, luxury rentals and brownstone buildings. The area is bordered by Cobble Hill, Carroll Gardens, Brooklyn Heights and Park Slope which are all sought after areas. The building is within walking distance to Brooklyn Bridge Park and Barclays Center. The cross street, Atlantic Avenue, is the neighborhood's main shopping thoroughfare. The property is also conveniently located near multiple subway lines and is a short commute to Manhattan.