498 Court St

In 1929, Hamilton Savings and Loan (chartered in 1890) built and opened a Brooklyn Branch at 498 Court Street in the neighborhood now known as Carroll Gardens. Today, this beautifully preserved building, graced by a stately Limestone faade, bears witness to the rich history of commerce that attracted banks to open branches along this commercial corridor, a phenomenon that is repeating itself in 2014. Available for the first time in half a century, 498 Court is a rare opportunity for a new steward to restore, expand, and transform it into a extraordinary residence. The property, currently configured as mixed-use with two apartments over a commercial space, hosts art exhibitions and community/cultural events in its generously proportioned ground floor. This floor could easily convert to a high-income producing commercial rental, or be incorporated, with the upper two floors, into a grand single-family residence. While there are numerous mixed-use buildings along Brownstone Brooklyn's business corridors, only a handful of those have the grandeur and formidability of former banks and amongst those even fewer have the exceptional architectural character and proportion of 498 Court Street. The possibilities here are numerous and exciting for the right buyer.