Property
| Ownership: | Rental Property |
|---|---|
| Rooms: | 29 |
| Bedrooms: | Studio |
Financials
Price:$6,750,000
Listing Courtesy of The Corcoran Group
Inquire for setup sheet and interior photosPrime Fort Greene investment opportunity offering a 10 unit multi family brick building with all ten apartments free market, located on a beautiful residential ...
Description
Inquire for setup sheet and interior photos
Prime Fort Greene investment opportunity offering a 10-unit multi-family brick building with all ten apartments free-market, located on a beautiful residential block perpendicular to Fort Greene Park. Building includes private backyard for garden unit, decorative fireplaces, plus shared gym and laundry room.
Overview:
- Annual Income: $400,200
- Annual Operating Expenses: $54,127
- Net Operating Income (NOI): $346,073
- Cap Rate: 5.13%
- Total Units: 10 residential
- Unit Mix: 10 free-market / 0 rent-stabilized
- Building Size: 6,141 SF
- Building Dimensions: 22' x 55'
- Lot Dimensions: 22' x 100'
- Amenities: Laundry Room & Gym
- Heating/Cooling: Individual split units per apartment
With 100% free-market apartments, the property offers an attractive opportunity for investors seeking long-term income growth.
Located in the heart of Fort Greene, the property benefits from proximity to Fort Greene Park, Downtown Brooklyn, BAM, Barclays Center, and the neighborhood's celebrated restaurants, shopping, and cultural institutions. An opportunity to acquire a fully free-market multi-family asset in one of Brooklyn's most desirable residential neighborhoods.
Prime Fort Greene investment opportunity offering a 10-unit multi-family brick building with all ten apartments free-market, located on a beautiful residential block perpendicular to Fort Greene Park. Building includes private backyard for garden unit, decorative fireplaces, plus shared gym and laundry room.
Overview:
- Annual Income: $400,200
- Annual Operating Expenses: $54,127
- Net Operating Income (NOI): $346,073
- Cap Rate: 5.13%
- Total Units: 10 residential
- Unit Mix: 10 free-market / 0 rent-stabilized
- Building Size: 6,141 SF
- Building Dimensions: 22' x 55'
- Lot Dimensions: 22' x 100'
- Amenities: Laundry Room & Gym
- Heating/Cooling: Individual split units per apartment
With 100% free-market apartments, the property offers an attractive opportunity for investors seeking long-term income growth.
Located in the heart of Fort Greene, the property benefits from proximity to Fort Greene Park, Downtown Brooklyn, BAM, Barclays Center, and the neighborhood's celebrated restaurants, shopping, and cultural institutions. An opportunity to acquire a fully free-market multi-family asset in one of Brooklyn's most desirable residential neighborhoods.
Amenities
Laundry Room;
- Basement
- Laundry Room
- Voice Intercom
Neighborhood
More listings:
RLS Data display by Nest Seekers LLC.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
