Property
| Ownership: | Condop |
|---|---|
| Rooms: | 29 |
| Bedrooms: | Studio |
Financials
Price:$5,500,000
Listing Courtesy of The Corcoran Group
Inquire for setup sheet and interior photos Prime Fort Greene investment opportunity, offering a 10 unit multi family brownstone with eight free market apartments, decorative fireplaces, and a private backyard, ...
Description
Inquire for setup sheet and interior photos
Prime Fort Greene investment opportunity, offering a 10-unit multi-family brownstone with eight free-market apartments, decorative fireplaces, and a private backyard, directly overlooking the iconic Fort Greene Park.
Overview:
Positioned on Fort Greene Park, one of Brooklyn's most desirable residential settings, the property benefits from an exceptional location by Downtown Brooklyn, BAM, Barclays Center, and the neighborhood's celebrated restaurants, shopping, and cultural institutions. An opportunity to acquire a park-front multi-family asset with strong long-term investment fundamentals.
Prime Fort Greene investment opportunity, offering a 10-unit multi-family brownstone with eight free-market apartments, decorative fireplaces, and a private backyard, directly overlooking the iconic Fort Greene Park.
Overview:
- Annual Income: $327,955
- Annual Operating Expenses: $65,013
- Net Operating Income (NOI): $262,942
- Cap Rate: 4.78%
- Total Units: 10 residential
- Unit Mix: 8 free-market / 2 rent-stabilized
- Building Size: 4,600 SF
- Building Dimensions: 23' x 50'
- Lot Dimensions: 23' x 100'
Positioned on Fort Greene Park, one of Brooklyn's most desirable residential settings, the property benefits from an exceptional location by Downtown Brooklyn, BAM, Barclays Center, and the neighborhood's celebrated restaurants, shopping, and cultural institutions. An opportunity to acquire a park-front multi-family asset with strong long-term investment fundamentals.
Amenities
- Basement
- 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.
