121 Henry St - Apartments FOR SALE


Brooklyn, NY 11201- Brooklyn Heights
$4,700,000 USD
718-475-4373
121 Henry St, Brooklyn, NY for Sale
$4,700,000 USD
Apartments - FOR SALE
1/18
null | 6.58% Cap Rate

121 Henry St
Brooklyn, NY 11201
Brooklyn Heights


HIGHLIGHTS

  • Premium Location of Brooklyn Heights on Henry Between Clark and Pierrepont
  • 10 Family Brownstone with Eight Free-Market Units
  • All Rear Units Offer an Extra Room that can be a Second Bedroom or Office
  • 25 Feet Wide Offering a Large Canvass for Possible Condo or Single-Family Development?
  • Built in 1849 | True Piece of Brooklyn History

OVERVIEW

The Brennan Team of Marcus & Millichap presents 121 Henry Street, a five-story brownstone building comprised of 10 residential apartments in the Brooklyn Heights neighborhood of Brooklyn, New York. The property is located between Clark Street and Pierrepont Street less than one block from the 2,3 subway lines. The subject property was built in 1849 and measures approximately 25 feet by 49 feet deep on a lot?that extends 92.5 feet deep. The property is zoned R7-1 providing a creative purchaser with the potential to utilize an additional 1,830 square feet of air rights. 121 Henry Street offers new investors the rare chance to acquire a true piece of Brooklyn history, having been built before the American Civil War, and carefully preserved by the same private owner for decades. The property offers eight out of 10 free-market residential apartments, presenting significant rental upside as well as the opportunity for a future condo development or single-family conversion.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$767 USD /SF

# OF UNITS

10

PRICE/UNIT

$470,000

CAP RATE

6.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1849

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R7-1, Brooklyn (C1)

APN/PARCEL ID

00237-0034

ASK ABOUT THIS PROPERTY

John BrennanMarcus & MillichapMore Info
718-475-4373

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John BrennanMarcus & MillichapMore Info
718-475-4373

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