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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 ...

44 South Oxford Street
Brooklyn, NY 11217

Listing

Web ID:5849329
Website:https://www.nestseekers.com/5849329
Cross street:Park Avenue
Building:44 South Oxford Street Brooklyn
Type:Low-rise
Era:Post-war
Floors:4

Property

Ownership: Rental Property
Rooms: 29
Bedrooms: Studio

Financials

Price:$6,750,000

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.

Amenities

Laundry Room;
  • Basement
  • Laundry Room
  • Voice Intercom

Location

44 South Oxford Street Brooklyn NY 11217 USA

Contact

Williamsburg, NY
578 Driggs Avenue Brooklyn, NY 11211
Phone: +1 718-302-0900
Fax: +1 718-228-3917
williamsburg@nestseekers.com
Listing Courtesy of The Corcoran Group
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