152 Patchen Ave - Apartments FOR SALE


Brooklyn, NY 11221- Stuyvesant Heights
$2,500,000 USD
718-475-4357
152 Patchen Ave, Brooklyn, NY for Sale
$2,500,000 USD
Apartments - FOR SALE
1/15
null | 7.8% Cap Rate

152 Patchen Ave
Brooklyn, NY 11221
Stuyvesant Heights


HIGHLIGHTS

  • 8-Unit Mixed-Use Asset, Including 7 Residential Units and 1 Commercial Space
  • Attractive Current Cash Flow with $194,517 of In-Place NOI
  • $2,500,000 Offering Price, Representing a 7.78% Current Cap Rate
  • Significant Rental Upside with Pro Forma NOI of $209,650
  • Desirable Bed-Stuy Location Near Neighborhood Retail, Restaurants, and Transit
  • J/Z Train Access at Gates Avenue and Additional Connectivity Throughout Brooklyn

OVERVIEW

The New York Multifamily Group at Marcus & Millichap is pleased to exclusively offer 152 Patchen Avenue, a mixed-use multifamily investment opportunity located in Brooklyn’s Bedford-Stuyvesant neighborhood. The property consists of 7 residential units and 1 commercial space totaling 6,240 square feet and sits on a 2,470-square-foot lot. Built in 1910, the property features a desirable mix of two-, three-, and four-bedroom apartments, providing exposure to one of Brooklyn’s most established and highly sought-after residential submarkets.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$401 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

7.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R5

APN/PARCEL ID

01652-0044

ASK ABOUT THIS PROPERTY

Daniel GreenblattMarcus & MillichapMore Info
718-475-4357

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Daniel GreenblattMarcus & MillichapMore Info
718-475-4357

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