216 23rd St - Apartments FOR SALE


Brooklyn, NY 11232- South Slope | 
$2,650,000 USD
646-424-5317
216 23rd St, Brooklyn, NY for Sale
$2,650,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

216 23rd St
Brooklyn, NY 11232
South Slope


HIGHLIGHTS

  • Property offers multiple options: an owner-user can move in entirely or partially and have income, convert to condos or market rate rental
  • An additional floor can be added as well
  • the tenant pays or reimburses 100% of taxes, insurance, water, sprinkler and upkeep
  • The tenant has occupied the building for eighteen consecutive years and has paid in full on time consistently
  • No vacancy, no arrears, and no dispute over any renewal, including four straight 10% escalations

OVERVIEW

Besen Partners, as exclusive agent for ownership, is pleased to offer 216 23rd Street, a free-market, three-family brick residence in Brooklyn’s emerging Greenwood Heights / Park Slope South. It is presently leased in its entirety on a true triple-net basis to a single, well-capitalized New York City nonprofit on a month-to-month basis. Given the flexible lease at present and the ability to deliver the building vacant, the subject property offers multiple options: an owner-user can move in entirely or partially and have income, convert to condos or market rate rental; an additional floor can be added as well. The tenant has occupied the building for eighteen consecutive years and has paid in full on time consistently with no vacancy, no arrears, and no dispute over any renewal, including four straight 10% escalations. Ownership performs no maintenance and carries no operating expense; the tenant pays or reimburses 100% of taxes, insurance, water, sprinkler and upkeep.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$833 USD /SF

# OF UNITS

3

PRICE/UNIT

$883,333

CAP RATE

Request Cap Rate

% 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

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B

APN/PARCEL ID

00649-0027

ASK ABOUT THIS PROPERTY

Ronald CohenBesen PartnersMore Info
646-424-5317

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Ronald CohenBesen PartnersMore Info
646-424-5317

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