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Listing Courtesy of Realty Collective LLC
$1,499,000
Est. payment /mo
7 Beds
7 Baths
2,700 SqFt
UPDATED:
Key Details
Property Type Single Family, Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $555
Subdivision Fort Greene
MLS Listing ID RLS20070799
Bedrooms 7
Full Baths 7
HOA Y/N Yes
Year Built 1900
Annual Tax Amount $17,604
Property Sub-Type Mixed Use
Property Description
Rent-Stabilized Fort Greene Brownstone - Cash Flowing with 5% Cap Rate
This exceptional 7-unit brownstone delivers a net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods.
The property is fully occupied with meticulously screened and reliably paying tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development.
This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements.
This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development.
Showings by appointment contact for building financials and additional photos: / .
This exceptional 7-unit brownstone delivers a net operating income of $97K and an attractive 5% cap rate at asking price in one of Brooklyn's most coveted neighborhoods.
The property is fully occupied with meticulously screened and reliably paying tenants, providing immediate stability. While situated near some of Brooklyn's most desirable landmarked blocks, this property is not itself on a preserved block. With 2,000 sq ft of unused FAR, there are significant possibilities for development.
This well-preserved four-story building features soaring ceilings, original hardwood floors, opulent crown moldings, and tall windows that flood the space with natural light. All units have been consistently maintained and require no cosmetic improvements.
This rare offering combines immediate cash flow stability with significant value-add potential, making it an ideal acquisition for investors seeking both reliable current returns and future upside through strategic development.
Showings by appointment contact for building financials and additional photos: / .
Location
State NY
County Kings
Interior
Heating None
Cooling None
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Laundry Building None, None
Exterior
View Y/N Yes
View City
Private Pool No
Building
Dwelling Type None
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 02115-0016
Ownership None
Monthly Total Fees $1, 467
Pets Allowed Building Yes, Yes
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716