100 Remsen St - Apartments FOR SALE


Brooklyn, NY 11201- Brooklyn Heights
$44,000,000 USD
917-353-1916
100 Remsen St, Brooklyn, NY for Sale
$44,000,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

100 Remsen St
Brooklyn, NY 11201
Brooklyn Heights


HIGHLIGHTS

  • Prime Brooklyn Heights location steps from the Promenade.
  • Significant value-add potential upon ground lease expiration.
  • Excellent transit access via multiple subway lines.
  • Surrounded by upscale dining, retail, and cultural institutions.
  • Connectivity is exceptional, with multiple subway lines (2, 3, A, C, R, F) providing quick access to Downtown Brooklyn and Manhattan.

OVERVIEW

Located in the heart of Brooklyn Heights, 100 Remsen Street represents a rare investment opportunity in one of New York City’s most prestigious neighborhoods. This 8-story cooperative building spans approximately 65,920 square feet and includes 78 residential units and two office spaces. With 16 years remaining on the ground lease, the property offers significant upside potential upon expiration, creating a pathway for conversion to rental or condominium units. The building boasts condo-quality finishes, a testament to its enduring appeal and strong positioning in a market where demand consistently outpaces supply. Situated just steps from the Brooklyn Heights Promenade, residents enjoy sweeping views of Manhattan and proximity to cultural landmarks, boutique retail, and acclaimed dining. Connectivity is exceptional, with multiple subway lines (2, 3, A, C, R, F) providing quick access to Downtown Brooklyn and Manhattan. Brooklyn Heights remains one of NYC’s fastest-growing rental markets, fueled by historic charm and limited new development. With an average household income of $243,020 and a five-year CAGR of 13.5%, the neighborhood attracts professionals and families seeking a blend of elegance and convenience. This asset’s strategic location and future redevelopment potential make it an ideal choice for investors looking to capitalize on long-term growth.

FOR SALE DETAILS

PRICE

$44,000,000 USD

PRICE/SF

$667 USD /SF

# OF UNITS

78

PRICE/UNIT

$564,103

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R6

APN/PARCEL ID

00254-0062,00254-00623C,00254-00627C

ASK ABOUT THIS PROPERTY

Alex W. PutzerBridge Advisory GroupMore Info
917-353-1916

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Alex W. PutzerBridge Advisory GroupMore Info
917-353-1916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.