1490 St Johns Pl - Apartments FOR SALE


Brooklyn, NY 11213- Weeksville
$2,500,000 USD
347-273-1258
1490 St Johns Pl, Brooklyn, NY for Sale
$2,500,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1490 St Johns Pl
Brooklyn, NY 11213
Weeksville


OVERVIEW

This property is being sold by a bankruptcy trustee subject to a Court order authorizing the sale. 1490 St Johns Place, an eight (8) unit residential condominium development / multi-family located in the Crown Heights neighborhood of Brooklyn, NY, sells via online auction on Tuesday, June 24, 2025 at 11:00 a.m. (EST) with an opening bid of $2,500,000. The deadline to register for the auction sale is Monday, June 23, 2025 @ 5:00 p.m. (EST). To participate in the auction sale, by the aforementioned bid deadline, each prospective bidder must: (i) register with MYC; (ii) deliver to MYC the original signed Terms & Conditions of Sale; and (iii) tender the required deposit which shall be a wire or Bank/Cashier's Check in the amount of $325,000 made payable to “Gregory Messer, Chapter 7 Trustee”. MYC is pleased to present this value add opportunity. Situated on the southerly side of St Johns Place between Rochester and Unita Avenues, the site is +/-20' X 120' with an R6 zoning designation and permits residential use as of right. There is one (1) building on the site which consists of four (4) stories with a cellar and a penthouse. The cellar contains utility rooms and accessory space for Units 1F and 1R. Unit 1R is allocated a portion of the rear yard; Units 2F and 2R are each allocated a step-out; Units 3F and 3R are each allocated a balcony; and Units 4F and 4R are each allocated a balcony and roof terrace. Disclaimer ... All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information herein is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$638 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,390 SF

ZONING

R6

APN/PARCEL ID

01385-0032

ASK ABOUT THIS PROPERTY

Marc YaverbaumMYC & Associates IncMore Info
347-273-1258

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Marc YaverbaumMYC & Associates IncMore Info
347-273-1258

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