$28,750,000 USD
212-658-0979
1042 President St
Brooklyn, NY 11225
Crown Heights
HIGHLIGHTS
- Newly constructed 8-story multifamily with a total of 55 apartments and 22 parking spaces
- New 35-year Affordable NY Tax Abatement 70% Free-Market / 30% Affordable
- Building amenities include: Elevator, Bike Room, Gym, Laundry in Building, Package Room, Parking Available, and Virtual Doorman
- Assumable loan: $22M at 6.5% I/O 5 years
- Within walking distance to the President Street Station (2 5 trains)
- Serious inquires ONLY: Offers with unrealistic terms will be ignored.
FOR SALE DETAILS
PRICE
$28,750,000 USD
PRICE/SF
$972 USD /SF
# OF UNITS
55
PRICE/UNIT
$522,727
CAP RATE
6.3%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Prospect Heights | 55-unit Multifamily
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
8
YEAR BUILT
2023
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.18 AC
LAND SF
8,053 SF
ZONING
R6
APN/PARCEL ID
01280-0028,01280-0029
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212-658-0979
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212-658-0979
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