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Listing Courtesy of Compass
$3,100,000
Est. payment /mo
12 Beds
6 Baths
6,196 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,196 sqft
Price per Sqft $500
Subdivision Park Slope
MLS Listing ID RLS20067198
Style Walk-Up
Bedrooms 12
Full Baths 6
HOA Y/N Yes
Year Built 1920
Annual Tax Amount $30,180
Property Sub-Type Multi Family
Property Description
Rare Generational Opportunity – First Time Offered in Over 50 Years
Offered for the first time in more than half a century, this well-maintained six-family building is situated on a quiet park block in an unbeatable location, representing a rare opportunity to acquire a long-term, legacy asset in one of the area's most desirable residential settings.
The property offers the potential for the top three floors to be delivered vacant, providing immediate flexibility for repositioning, rental upside, or long-term family ownership. With thoughtful execution, the building can be built into an approximate 6.5% cap, making it a compelling value-add opportunity supported by strong fundamentals.
The building is filled with natural light, has been carefully maintained by the same ownership for decades, and presents a clean, straightforward canvas for the next owner. This is an ideal asset for a buyer seeking a generational investment combining stability, upside, and an irreplaceable location.
Offering Memorandum available upon request.
Offered for the first time in more than half a century, this well-maintained six-family building is situated on a quiet park block in an unbeatable location, representing a rare opportunity to acquire a long-term, legacy asset in one of the area's most desirable residential settings.
The property offers the potential for the top three floors to be delivered vacant, providing immediate flexibility for repositioning, rental upside, or long-term family ownership. With thoughtful execution, the building can be built into an approximate 6.5% cap, making it a compelling value-add opportunity supported by strong fundamentals.
The building is filled with natural light, has been carefully maintained by the same ownership for decades, and presents a clean, straightforward canvas for the next owner. This is an ideal asset for a buyer seeking a generational investment combining stability, upside, and an irreplaceable location.
Offering Memorandum available upon request.
Location
State NY
County Kings
Rooms
Basement Full
Interior
Interior Features High Ceilings
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family
Story 4
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Tax ID 01089-0045
Ownership None
Monthly Total Fees $2, 515
Pets Allowed Building No, No
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NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716