1647 8th Ave - Apartments FOR SALE


Brooklyn, NY 11215- Park Slope
$4,995,000 USD
1647 8th Ave, Brooklyn, NY for Sale
$4,995,000 USD
Apartments - FOR SALE
1/13
null | 4.72% Cap Rate

1647 8th Ave
Brooklyn, NY 11215
Park Slope


HIGHLIGHTS

  • Prime Prime Location in heart of Park Slope, around the corner from Prospect Park & Subways
  • 100% FREE MARKET UNITS all INDIVIDUALLY METERED
  • GUT RENOVATED BUILDING WITH SHARED TENANTS LOUNGE & YARD

OVERVIEW

4.7% CAP rate on in ace rents, and 5.5% CAP Rate on Pro-Forma rents by year 2 Prime Park Slope around the corner from Prosepct Park and the 15th st stop on the F/G Subway lines Protected Tax class as well as very low operating expenses especially with tenants paying their own utilities Prime Free Market with 100% RENT COLLECTIONS

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$1,015 USD /SF

# OF UNITS

6

PRICE/UNIT

$832,500

CAP RATE

4.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R5B

APN/PARCEL ID

01113-0005

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