55 Bergen Street, New York City NY 11201

Overview of 55 Bergen Street, New York City NY 11201

Year Built 1920

Parking

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Price/Sqft --

Pool No

Beds 1

Bath 1

Living Area --

Outdoor

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This assemblage of 8 buildings is located in prime Cobble Hill, Brooklyn. The Assemblage includes 78 residential apartments, 25 parking spaces, and a number of other spaces to be described upon request. Collectively, this group of properties is host to a vibrant and diverse base of tenants. It is the perfect place to pick up some delicious Italian meats, try a trendy new restaurant, or browse unique shops. In fact, the area is known to many as Brooklyn's "Restaurant Row" due to the many options of food and beverage destinations. Based on 2021 expenses, the projected 2022 capitalization rate stands at over 4%.

Cobble Hill is a historic, "small town" neighborhood in the big city. For many, it is a breath of fresh air in contrast to the fast pace of Manhattan. It is a relatively small neighborhood, comprising 40 blocks in the midst of the popular areas of Brooklyn Heights, Carroll Gardens, and Boerum Hill. Cobble Hill was named by an enclave of Dutch settlers who called the area Ponkiesberg or Cobleshill after a "conical hill" elevation that existed there. Today, it is a vibrant haven for young professionals in the tech or start-up fields. There are many property aesthetics to choose from, including classic brownstones, quaint townhouses, and luxury high-rises. For year-round outdoor fun, Cobble Hill Park is your perfect nature escape. There is also a selection of highly-rated public and charter schools for families with young ones. The neighborhood boasts two library branches and is home to countless popular eateries and bars such as La Vara, Hibino, and June. In short, Cobble Hill brings the best of vintage Brooklyn with all the present day amenities you could dream of. The trendy and the classic intermingle and withstand the test of time. And most importantly, it is the perfect spot to call Home.

Property Features For MLS #RPLU-5122056810