UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $1,195
Subdivision Fort Greene
MLS Listing ID RLS20124211
Bedrooms 9
Full Baths 10
HOA Y/N No
Year Built 1930
Annual Tax Amount $23,328
Property Sub-Type Multi Family
Property Description
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' With 80% free-market apartments, the property offers an attractive opportunity for investors seeking income growth through future upgrades and rent optimization.
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.
Location
State NY
County Kings
Building/Complex Name DEKALB AVE
Rooms
Basement Other
Interior
Interior Features Smoke Free
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 02089-0004
Ownership None
Monthly Total Fees $1, 944
Special Listing Condition Standard
Pets Allowed Building Yes, No
NEARBY SCHOOL & BUSINESS
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