237 BAINBRIDGE Street, Brooklyn, NY 11233
237 BAINBRIDGE Street, Brooklyn, NY 11233
237 BAINBRIDGE Street, Brooklyn, NY 11233
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Randy Reis

Randy Reis

+1(917) 435-4870
Listing Courtesy of Douglas Elliman Real Estate
$3,800,000
Est. payment /mo
8 Beds
6 Baths
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UPDATED:

Key Details

Property Type Multi Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Stuyvesant Heights

MLS Listing ID RLS20099774

Bedrooms 8

Full Baths 7

Half Baths 2

HOA Y/N No

Year Built 2013

Annual Tax Amount $11,208

Property Sub-Type Multi Family

Property Description

237 Bainbridge Street presents a strong opportunity to acquire a newly constructed 8-family multifamily building in the heart of Brooklyn. Built in 2013, the property spans approximately 5,989 square feet and sits within a 30-foot-wide building, offering a desirable mix of one- and two-bedroom residences. The property benefits from high in-place income, very low expenses, and annual real estate taxes of $11,231, supported by a 421A tax abatement in place through 2031. Upon expiration of the abatement period, future ownership may have the opportunity to increase rents or explore a potential condominium conversion, subject to applicable approvals. Located just a 5-minute walk from the A/C subway lines, 237 Bainbridge offers excellent access, strong investment fundamentals, and a highly compelling option for 1031 exchange buyers.

Location

State NY

County Kings

Rooms

Basement Other

Interior

Interior Features Smoke Free

Cooling Central Air

Fireplace No

Laundry Building Other

Exterior

Exterior Feature None

Pool Building None

View Y/N Yes

View Other

Porch None

Private Pool Yes

Building

Dwelling Type Townhouse

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 01682-0070

Ownership None

Monthly Total Fees $934

Special Listing Condition Standard

Pets Allowed Building Yes, No

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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