Hess of TerraCRG named exclusive agent of two Brooklyn properties

According to TerraCRG, Brooklyn's leading commercial real estate brokerage and advisory firm, Adam Hess, partner and senior vice president of the firm, has been retained as the exclusive agent for the sale of 285 Court St. and 384 Court St. in the Cobble Hill and Carroll Gardens neighborhoods. The properties are being marketed together. The two corner mixed use buildings consist of ten residential units and two commercial spaces. The properties are located in two of the strongest retail corridors in the city with rents ranging from $80 per s/f and exceeding $150 per s/f. Court St. and the adjacent Smith St. are lined with upscale boutiques and gourmet restaurants and cafés. There is a popular movie theater one block from 285 Court St., and national retailers in the area include Starbucks, Trader Joe's, Free People, American Apparel, and the soon to open J. Crew. The neighborhoods have classic brownstone lined streets and are home to new high end condo and townhouse developments. 285 Court St. is a three-story building located on the corner of Douglass Street in Cobble Hill and consists of four residential units and one commercial unit. 384 Court St. is a four-story building located on the corner of Carroll St. in Carroll Gardens. The property consists of six residential units, two of which have condo-style finishes, and one commercial unit which will be delivered vacant. Both properties are a short distance to the F & G subway lines, as well as the 2,3,4,5, and R trains at Borough Hall. "It is very rare for two prime assets like 285 and 384 Court St. to come to market. They present an excellent opportunity for an investor to acquire bulk assets in one of Brooklyn's hottest retail corridors," said Hess.