UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,141 sqft
Price per Sqft $1,099
Subdivision Fort Greene
MLS Listing ID RLS20124216
Bedrooms 9
Full Baths 10
HOA Y/N No
Year Built 1930
Annual Tax Amount $34,656
Property Sub-Type Multi Family
Property Description
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.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Other
Fireplaces Number 1
Fireplaces Type Other
Fireplace Yes
Laundry In Unit
Exterior
Exterior Feature Garden, Private Outdoor Space Over 60 Sqft
Pool Building None
View Y/N Yes
View Other
Porch None
Private Pool Yes
Building
Dwelling Type Townhouse
Story 5
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 02100-0060
Ownership None
Monthly Total Fees $2, 888
Special Listing Condition Standard
Pets Allowed Building Yes, No
NEARBY SCHOOL & BUSINESS
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